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Wayne Mueller, financial analyst at CELL Corporation. a examining the behavior of quarterly utility costs for budgeting purposes. Mueller collects the following data on machine-hours

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Wayne Mueller, financial analyst at CELL Corporation. a examining the behavior of quarterly utility costs for budgeting purposes. Mueller collects the following data on machine-hours worked and utility costs for the past & quarters: (Click the loon to view the data.) Read the requirements Requirement 1. Estimate the cost function for the quarterly data using the high-low method. Complete all answer boxes.) -X - X Requirements Data Table 1. Estimate the cost function for the quarterly data using the high-low method 2. Plot and corrirnicnt on the estimated cost lunction 3. Mueller anticipates that CELL will operate machines for 125,000 hours in quarter 9. Calculate the predicted utility costs in quarter 9 using the cost function estimated in requirement 1. Quarter Quarter 1 Quarter 2 Machine Hours Utility Costs 120,000 $ 215,000 75.000 150,000 110,000 200,000 Quarter 3 Quarter 4 150,000 90,000 Print Quarter 5 6 Print Done 140.000 270,000 170,000 250.000 225,000 195,000 Quarter 7 130,000 100,000 Quarter 8

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