Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and...

 

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Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: Month January Pints of Applesauce Energy Cost February March April May June July August September October November December Required: Produced 36,200 $ 24,600 22,200 23,300 23,200 23,200 25,200 23,650 31,200 24,100 33,200 24,550 41,200 29,200 31,200 24,000 31,200 24,200 29,200 23,900 42,200 25,300 40,200 26,150 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 38,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bx, where Y denotes energy cost for a month and X denotes pints of applesauce produced. Note: Round coefficient of X to 2 decimal places. Total energy cost = Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: Month January Pints of Applesauce Energy Cost February March April May June July August September October November December Required: Produced 36,200 $ 24,600 22,200 23,300 23,200 23,200 25,200 23,650 31,200 24,100 33,200 24,550 41,200 29,200 31,200 24,000 31,200 24,200 29,200 23,900 42,200 25,300 40,200 26,150 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 38,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bx, where Y denotes energy cost for a month and X denotes pints of applesauce produced. Note: Round coefficient of X to 2 decimal places. Total energy cost =