Scattergram, high-low method, and cost estimation Dave Green Company processes sev- eral products using materials, labor, and machinery. Below are data on eight weeks of production on one type of staple gun trigger assembly, one of the department's products:

The company estimates that each machine hour costs $2. It wants to use the above data to forecast the cost of production for February, when 1,000 staple gun trigger assemblies are expected to be pro- duced.

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Units Material Machine Week Produced Cost Hours December 9. 132 $ 78 20 December 16 100 60 30 December 23 168 67 41 December 30 300 110 45 January 6 202 97 21 January 13 220 83 44 January 20 251 85 34 January 27 230 100 42