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 companys energy cost behavior. The following costs were incurred during the past 12 months: Month Pints of Applesauce Produced Energy Cost January 119,000 $ 71,600 February 77,000 67,100 March 80,000 68,800 April 86,000 69,450 May 104,000 70,100 June 110,000 70,750 July 134,000 71,300 August 104,000 69,800 September 104,000 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 companys 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 88,000 pints of applesauce are produced. Next Visit question mapQuestion 5 of 7 Total 5 of 7