On November 15, 2009, Sandra Cook, a newly hired cost analyst at Peterson Company, was asked to predict overhead costs for the company's operations in 2010, when 525 units are exected to be produced. She collected the following quarterly data: iCIick the icon to view the quarterly data.) Requirements 1. Using the high-low method to estimate costs, prepare a prediction of overhead costs for 2010. 2. Sandy ran a regression analysis using the quarterly data she collected. The result was: Y = $321 + $5.88X. Using this cost function (based on quarterly data), predict overhead costs for 2010. 3. Which prediction do you prefer? Why? ..... Requirement 1. Using the high-low method to estimate costs, prepare a prediction of overhead costs for 2010. Begin by estimating the cost function for a quarter year using the high-low method. (Enter the quarterly xed cost rounded to two decimal places and the variable cost rounded to four decimal places.) (Round your answer to two decimal places.) Using the high-low method, the predicted overhead costs for 2010 is $D. Using the high-low method, the predicted overhead costs for 2010 is $|:. Requirement 2. Sandy ran a regression analysis using the quarterly data she collected. The result was: Y = $321 + $5.88X. Using this cost function (based on quarterly data), predict overhead costs for 2010. (Round your answer to two decimal places.) The predicted overhead costs for 2010 is $ Requirement 3. Which prediction do you prefel'? Why? The general relation between costs and volume. V gives better cost estimates because it uses data to form a cost function. The data used by the i may not be representative of the