a. Using the high-low method to analyze mixed costs and the data above, provide the cost equation that can be used to estimate operating costs.

b. The forecast estimates the number of corn batches to be delivered is 250 for the next month. Using the cost equation developed in part a. what is the estimate for operating costs at 250 delivered batches?

c. Although the high-low method is not the most accurate method to estimate costs, this method is often used for cost estimation. Why is the high-low method often used to estimate costs?

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19. (9 points) Keita Inc. process harvested corn for commercial distribution. Management asked for an estimate of operating costs. The best cost driver for operating costs is the number of corn batches delivered. Below are data from the previous fiscal year: # of Corn Batches Month Operating Costs Delivered December $36,000 250 November 32,500 275 October 48,100 305 September 24,500 100 August 38,500 325 July 22,500 150 June 43,400 350 May 20,000 125 April 34,200 175