Use the following data to answer the question.

Overhead Costs Direct labor hours

$\backslash$table$[[$High$,$$$600,250,14,275],[$Low$,580,000,12,775]]$

The cost estimation equation using the high$-$low method is:

Multiple Choice

$Y=$$$407,537\mathrm{.}50+$$$13\mathrm{.}50x$

$Y=$$$287,963\mathrm{.}75+$$$9\mathrm{.}75x$

$Y=$$$162,887\mathrm{.}50+$$$1\mathrm{.}40x$