Scatter Diagrams and High-Low Cost Estimation From April through October 31, Will County Highway Department hires temporary employees to mow and clean the right of way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current year operations Miles Mowed Labor Month and Cleaned Costs A 350 $16.000 May 300 15.000 June -400 18.000 250 11.000 Auge 375 17.000 September 200 10.000 October 100 9.600 Use the information from the high and low volume months to develop a cost-estimating equation for monthly labor costs Monthly labor costs 0 x Use the information from the high and low.volume months to develop a cost-estimating equation for monthly tabor costs. Monthly labor costs Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high low method to develop a cost estimating equation for monthly labor costs. Monthly labor costs Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 7 percent increase in wages Moratly labor costs OX