Jonathan Macintosh IS a highly successtul Pennsylvania orchardman who has tormed a 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 36,000 $ 24,400 February 22,000 23,100 March 23,000 23,000 April 25,000 23,450 May 31,000 23,900 June 33,000 24,350 July 41,000 29,000 August 31,000 23,800 September 31,000 24,000 October 29,000 23,700 November 42,000 25,100 December 40,000 25,950 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 36,000 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. Note: Round coefficient of X to 2 decimal places. Total energy cost = Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a 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 36,000 $ 24,400 February 22,000 23,100 March 23,000 23,000 April 25,000 23,450 May 31,000 23,900 June 33,000 24,350 July 41,000 29,000 August 31,000 23,800 September 31,000 24,000 October 29,000 23,700 November 42,000 25,100 December 40,000 25,950 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 36,000 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 36,000 pints of applesauce are produced. Energy cost | |