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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

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 107,000 $ 70,400
February 65,000 64,700
March 68,000 66,400
April 74,000 67,650
May 92,000 68,900
June 98,000 70,150
July 122,000 70,100
August 92,000 68,600
September 92,000 69,200
October 86,000 68,300
November 125,000 72,500
December 119,000 71,300
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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.) Complete this question by entering your answers in the tabs below. Predict the energy cost for a month in which 76,000 pints of applesauce are produced

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