Required information [The following information applies to the questions displayed below.] As a manufacturer of engineered products in fire-blocking and technical textiles for industrial applications, Hardison Incorporated was founded more than 30 years ago in Muskego, Wisconson. The materials they work with include cotton, aramid mat, and silicone-coated fabrics. Recently, the cutting machine has caused some production errors and the company is looking into replacing that machine with a new one. They have the option of either purchasing machine Ava (A) brand or machine Base (B) brand. The purchasing manager gathered some data on the operation costs of each machine at different levels of production. Brand A Estimated Total Estimated Total Output (square Brand B yards) Costs Costs 2,000 $ 101,500 $ 124,500 4,000 129,500 164,500 8,000 184,500 204,500 16,000 229,500 264,500 32,000 284,500 304,500 64,000 453,660 383,660 Required: (Note: Part 1 of this problem includes the three requireds of 2,3 and 4) 2. If Hardison's output is expected to be 25,000 square yards, use the high-low method to determine the cost equation for each brand of machine and use the results to calculate the costs of operating each machine. 3. Using the high-low equations from requirement 2, calculate the costs of operating each machine if Hardison's output is expected to be 40,000 square yards and then for expected output of 60,000 square yards. 4. If Hardison's output is expected to be 40,000 square yards, which machine should it purchase? At 25,000 and at 60,000 square yards?