2 Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: 5 points Skipped eBook Month January February March April May June July August September October November December Pints of Applesauce Produced 106,000 64,000 67.000 73,000 91,000 97,000 121,000 91,000 91,000 85,000 124,000 118,000 Energy Cost $70,300 64,000 66,200 67,500 68,800 70, 100 70,000 68,500 69,100 68,200 72,400 71,250 lo References Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y= a + bX, where y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 75,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bx, where y denotes energy cost for a month and X denotes pints of applesauce produced. (Round coefficient of X to 2 decimal places.) Total energy cost = 2 Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: 5 points Skipped eBook Month January February March April May June July August September October November December Pints of Applesauce Produced 106,000 64,000 67,000 73,000 91,000 97,000 121,000 91,000 91,000 85,000 124,000 118,000 Energy Cost $70,300 64,000 66,200 67,500 68,800 70,100 70,000 68,500 69,100 68,200 72,400 71,250 References Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y= a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 75,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Predict the energy cost for a month in which 75,000 pints of applesauce are produced. Energy cost