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: Pints of Applesauce Month Produced Energy Cost January 108 , 000 $70 , 500 February 66, 000 65 , 400 March 69 , 000 66 , 600 April 75 , 000 67 , 800 May 93, 000 69 , 000 June 99, 000 70 , 200 July 123, 000 70 , 200 August 93 , 000 68, 700 September 93 , 000 69 ,300 October 87 , 000 68 , 400 November 126 , 000 72 , 600 December 120, 000 71, 350 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 Dradiattha androll sont fora month in which 77010 mints of anplanslinn ard bradlinedRequired: 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 77,000 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 cost = + X