Presented below are the production data for the first six months of the year for the mixed costs incurred by Gallup Company. 
Required:
Using the high-low method determine the forecasted cost for July if the number of units produced is expected to be 5,000.
Definitions:
Expected Returns
The mean of all the likely returns for an investment or portfolio over a given period, accounting for the risk of those returns.
Portfolio
An assortment of financial assets such as equities, bonds, commodities, money, and near-money assets, encompassing both closed-end funds and exchange-traded funds (ETFs).
Coefficient Of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.
Positively Correlated
A relationship between two variables in which they move in the same direction; as one increases, the other also increases.
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