An accounting manager for a company is examining the behavior of quarterly utility costs based on machine hours. The following is the data for machine hours and utility costs. Quarter Machine Hours Utility Costs 1 100,000 $225,000 2 85,000 181,900 3 98,000 203,000 4 153,000 304,300 Estimate the cost function for the quarterly data using the high-low method. Compute the predicted utility cost for quarter 5 if the company anticipates 120,000 machine hours.

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