Taunton Company uses the

highminuslow

method to estimate its cost function. The information for 2017 is provided below:

	Machineminushours	Labor Costs
Highest observation of cost driver	3 comma 5003,500	$ 339 comma 500$339,500
Lowest observation of cost driver	2 comma 5002,500	$ 250 comma 000$250,000

What is the constant for the estimated cost equation?

A. $250,000

B. $339,500

C. $26,250

D. $ 313250