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: Month January February March April May June July August September October November December Pints of Applesauce Produced 125,000 83,000 86,000 92,000 110,000 116,000 140,000 110,000 110,000 104,000 143,000 137,000 Energy Cost $72,200 65,300 71,200 70,350 70,700 71,050 71,900 70,400 71,000 70,100 74,300 72,200 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 94,000 pints of applesauce are produced. 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.) IIIIIIIIIIIII Total energy cost = +1..............Ex Required 1 Required 2 Predict the energy cost for a month in which 94,000 pints of applesauce are produced. Energy cost