The Madison Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise 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	$36,200	3,100
February	34,700	2,500
March	32,480	2,800
April	34,200	3,000
May	66,200	5,650
June	41,200	3,750

a.	What is the slope coefficient?
b.	What is the constant for the estimated cost equation?
c.	What is the estimated cost function for the above data?
d.	What is the estimated total cost at an operating level of 2,700 hours?