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The JAGUAR Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. JAGUAR Company has

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The JAGUAR Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. JAGUAR Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Month Cost Hours January $40,000 2,000 February 38,500 3,600 March 36,280 3,300 April 38,000 3,500 May 69.850 5,850 June 45,000 4,250 Required: Using the high-low method, calculate and write out the cost function for the Jaguar Company? Round to two decimal points[10 points]

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