Exercise 6-25 Estimating Cost Behavior; High-Low Method (LO 6-1, 6-2, 6-5) Jonathan Macintosh is a highly successful Pennsylvanla 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 unlform 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 durlng the past 12 months: 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 Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 87,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. 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,whereY denotes energy cost for a month and X denotes pints of applesauce produced. (Round coefficient of X to 2 decimal places.) Exercise 6-25 Estimating Cost Behavior; High-Low Method (LO 6-1, 6-2, 6-5) Jonathan Macintosh is a highly successful Pennsylvanla 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 unlform 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: 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 Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 87,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Predict the energy cost for a month in which 87,000 pints of applesauce are produced