On November 15, 2009, Sandra Cook, a newly hired cost analyst at Peterson manufacturing company, was asked to predict overhead costs for the compan's operations in 2010, when 530 units are expected to be produced. She collected. She collected a data as shown in the proble (page 114 of the textbook (Introduction to Managerial Accounting by Horngren, etl.1) Using the high-low method to estimate costs, prepare a prediction of overhead costs for 2010. 2) Sandra ran a regression analysis using the data she collected. The result was: Y = $347 + $5.76*X

Using this cost fubnction, predict overhead costs of costs for 2010. 3) Which prediction do you prefer? Why?