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: 8 0210:43 Energy Cost Month January February Mareh April May June July August September October November December Pints of Applesauce Produced 116.000 72.000 75,000 81,000 99,000 105,000 129.000 99,000 99.000 93,000 132,000 126,000 63,600 67,800 68,700 69,600 70.500 70,800 69.300 69,900 69,000 73,200 71,650 Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Ya. 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 83,000 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 - X, where y denotes energy cost for a month and X denotes pints of applesauce produced. (Round coeficient of X to 2 decimal places.) May June July August September October November December 99,000 105,000 129.000 99,000 99.000 93.000 132,000 126.000 69,600 70.500 70,800 69,300 69.900 69,000 73,200 71,650 02:18:23 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= 8+ 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 83,000 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 a + 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 con Required 2 > April May Jane July August September October November December 81,000 99.000 105,000 129,000 99,000 99,000 93,000 132.000 126,000 68,700 69,600 70,500 70, 800 69,300 69,900 69,000 73,200 71,650 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 83,000 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 83,000 pints of applesauce are produced. Energy cost
