Exam 1 Saved Help Sav: Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior The following costs were incurred during the past 12 months Pints of Applesauce Month Produced Energy Cost January 119,000 $71,600 February 77,000 67,100 March 80,000 68,800 April 86,000 69,450 Hay 104,000 20,100 June 110,000 70,750 July 134,000 71,300 August 104,000 69,000 September 194,000 70,400 October 98,000 69,500 November 137,000 73,700 December 131,000 71,900 Required: 1. Use the high-low method to estimate the company's energy cost behavior and expressit in equation form Use the formula Y=+ bX, where y denotes energy cost for a month and X denotes pints of applesauce produced 2. Predict the energy cost for a month in which 88,000 pints of applesauce are produced Complete this question by entering your answers in the tabs below. Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y= a + bX, where Ydenotes energy cost for a month and X denotes pints of applesauce produced 2. Predict the energy cost for a month in which 88,000 pints of applesauce are produced Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula y 3 + bx, where y denotes energy cost for a month and x denotes pints of applesauce produced. (Round coefficient of X to 2 decimal places.) Total energy cost X fred Required 2 > November December 137,000 131,000 73, 780 71,900 Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y= a + bX, where Ydenotes energy cost for a month and X denotes pints of applesauce produced 2 Predict the energy cost for a month in which 88,000 pints of applesauce are produced Complete this question by entering your answers in the tabs below. Required 1 Required 2 Predict the energy cost for a month in which 88,000 pints of applesauce are produced. Energy cost