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Emmert Vineyards produces the highest grade wine in all of the Midwest. Since grape yield varies per season, the Chief Financial Officer, Caroline, wants
Emmert Vineyards produces the highest grade wine in all of the Midwest. Since grape yield varies per season, the Chief Financial Officer, Caroline, wants to estimate the total cost for this season's bottle yield. Unfortunately, their key competitor, Amato Winery, hacked and wiped out all of Emmert's data. Caroline is only left with a printed copy of the previous yields and total costs. Using the High-Low Method estimate the total cost to produce this season's wine. Caroline expects this season will yield 1,200 bottles of wine. Year Yield Total Cost 2014 1,237 Bottles $100,018 2015 1,468 Bottles $112,307 2016 1,813 Bottles $131,818 2017 1,021 Bottles $90,232 2018 2,048 Bottles $142,334 2019 1,018 Bottles $90,113 2020 1,562 Bottles $117,223 Determine the estimated total cost for 1,200 bottles of wine using the High-Low Method.
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