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The Hunter Company uses a high-low method to estimate the company costs. The cost driver is a number of machine hours used in the production

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The Hunter Company uses a high-low method to estimate the company costs. The cost driver is a number of machine hours used in the production by workers. The record for 4 quarters of the year 2019 shows the following data: the number of machine hours and wages paid in AED in the quarters Machines Wages paid 1" quarter 410 machine hours. AED 101,900, 24 quarter 380 chire hours. AED 103,000, le quarter whine hours AFD 68.500 4 quarter 200 machine hours. AED 69,900 (a) Determine the cost function for the company. (b). What types of company's costs can you detect from the cost function determined in (a)? Is the method reliable? Do you know the more suitable method? 121 What are estimated cost for the job 450 the company needs 2000 machine hours

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