Albedo Incorporated manufactures high-end replacement telescope lenses for amateur and professional astronomers who are seeking to upgrade the performance of their telescopes. You have just become employed as a staff accountant at Albedo, and Jordan Coleman, the controller, has asked you to help with maintenance cost estimation for the lens manufacturing process. You review the manufacturing process and decide that the best cost driver for maintenance costs is machine hours. The data below are from the previous fiscal year for maintenance costs and machine hours: Month Maintenance Costs Machine Hours. 1 12345670 $ 3,210 2,750 4,650 3,900 5,175 4,050. 3,350 2,690. 3,100 2,500 2,950 2,580 2,900 2,300 8 2,900 2,500 9 4,120 3,160 10 4,350 3,325 11 12 3,500 3,775 2,780 3,000 Required: 1. What is the cost equation for maintenance costs using the high-low method? (Round "slope (unit variable cost)" to 2 decimal places. Negative amounts should be indicated by a minus sign.) Maintanence cost x Hours 2. Graph the data and comment on whether or not there are potential outliers. (To earn full credit for this graph you must plot all required points for each curve. While plotting the points a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed.) COSTS $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 0 Tools 1st Month 2nd Month 3rd Month 4th Month 4000 3500 3000 2500 2000 1500 MACHINE HOURS 500 1000 . 5th Month 6th Month 7th Month 8th Month 4500 $6,000 $5,000 Tools 5 Month 6th Month 7th Month 8th Month $4,000 $3,000 $2,000 $1,000 0 9th Month 10th Month 11th Month 12th Month 4500 4000 3500 3000 2500 2000 1500 1000 MACHINE HOURS 500