Ethan Manufacturing Inc, produces floor mats for automobiles. The owner, Joseph Ethan, has asked maintenance costs. Together you and Joseph determine that the single best cost driver for mainten These data are from the previous fiscal year for maintenance costs and machine hours: Month Maintenance Costs $ 2,689 2,840 2,990 3,100 3,180 3,150 3,090 2,930 2,7ee 2,380 2,310 2,530 Machine Hours 1,770 1,850 1,93e 1.950 1,980 1,960 1,940 1.920 1.780 1,180 1,380 1.67e Required: 1. What is the cost equation for maintenance costs using the high-low method? 2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in e un W E TFT oH Ethan Manufacturing Inc, produces floor mats for automobiles. The owner, Joseph Ethan, has asked maintenance costs. Together you and Joseph determine that the single best cost driver for mainten These data are from the previous fiscal year for maintenance costs and machine hours: Month Maintenance Costs $ 2,689 2,840 2,990 3,100 3,180 3,150 3,090 2,930 2,7ee 2,380 2,310 2,530 Machine Hours 1,770 1,850 1,93e 1.950 1,980 1,960 1,940 1.920 1.780 1,180 1,380 1.67e Required: 1. What is the cost equation for maintenance costs using the high-low method? 2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in e un W E TFT oH