The following data applies to questions 7 and 8:

Jones Co. had the following data for units produced and maintenance costs in each of the four quarters of their prior fiscal year:

QUARTER 1: 48 units and $110

QUARTER 2: 56 units and $129

QUARTER 3: 44 units and $105

QUARTER 4: 54 units and $119

7. Using the High-Low Method, the slope of the budget line would be

a. $1.50

b. $2.00

c. $2.25

d. $2.50

8. Using the High-Low Method and your answer from #6 above, calculate the fixed costs (Y-intercept) for the budget line

a. $23

b. $19

c. $21

d. $17