The controller of Blossom Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs.<\/p>
<\/p>
Total Electricity Costs<\/strong> Total Machine Hours<\/strong><\/p> January $1,700 200<\/p> February 2,900 320<\/p> March 3,500 450<\/p> April 4,500 685<\/p> May 3,150 400<\/p> June 4,850 700<\/p> July 4,000 620<\/p> August 3,800 510<\/p> September 5,000 660<\/p> October 4,200 600<\/p> November 3,200 320<\/p> December 5,860 720<\/p> <\/p> What electricity cost does the cost equation estimate for a level of activity of 450 machine hours?<\/span><\/p> By what amount does this differ from March's observed cost for 450 machine hours?<\/span><\/p>",
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