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: TT Pints of Applesauce Produced 108,000 66,000 69,000 75,000 93,000 99,000 123,000 93,000 93,000 87,000 126,000 120,000 Month January February March April ay June Energy Cost $70,500 65,400 66,600 67,800 69,000 70,200 70,200 68,700 69,300 68,400 72,600 71,350 July August September October November December 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 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 Required 1 Required 2 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: ETT Pints of Applesauce Produced 108,000 66,000 69,000 75,000 93,000 99,000 123,000 93,000 93,000 87,000 126,000 120,000 Month January February March April May June Energy Cost $70,500 65,400 66,600 67,800 69,000 70,200 70,200 68,700 69,300 68,400 72,600 71,350 July August September October November December 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 Ydenotes 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 Predict the energy cost for a month in which 77,000 pints of applesauce are produced. Energy cost Required 1 Required 2>