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Tristan Inks Company has compiled the following data for the last five months of operations: Month Labor Hours Cost of Sales August 160 617 September

Tristan Inks Company has compiled the following data for the last five months of operations:

Month Labor Hours Cost of Sales
August 160 617
September 130 553
October 180 596
November 190 725
December 110 532

Applying the HIGH-LOW METHOD, derive the cost equation. _____________________.

Note: This is the only question that requires an answer that is not just numerical. For uniformity of answers do not include the currency sign. Do not place any spaces. Round-off FIXED COSTS to a whole number (no decimal places) and for VARIABLE COST per unit use 2 decimal places.

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