The Madison Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Madison has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. (Click the icon to view the assembled data.) Read the requirements. Data table Requirement a. What is the slope coefficient? The slope coefficient is Requirement b. What is the constant for the estimated cost equation? The constant is Month Cost Hours January $ 40,000 3,100 February 38,500 2,500 March 36,280 2,800 Requirement c. What is the estimated cost function for the above data? April 38,000 3,000 May 70,000 5,650 = $ + $ June 45,000 3,750 Requirement d. What is the estimated total cost at an operating level of 2,700 hours? The estimated total cost at an operating level of 2,700 hours is Print Done