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As part of his job as cost analyst, Max Thompson collected the following information concerning the operations of the Machining Department: Observation Machine-hours Total Operating

As part of his job as cost analyst, Max Thompson collected the following information concerning the operations of the Machining Department:

Observation Machine-hours Total Operating Costs

January 4,000 $45,000

February 4,600 49,500

March 3,800 45,750

April 4,400 48,000

May 4,500 49,800

Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.

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