Question: Please answer A through E following the template provided. 43. High-Low, Scattergraph, and Regression Analysis; Manufacturing Company. Kitchen Products, Inc., produces kitchen counter tops. Manufacturing

 Please answer A through E following the template provided. 43. High-Low,Please answer A through E following the template provided.
Scattergraph, and Regression Analysis; Manufacturing Company. Kitchen Products, Inc., produces kitchen counter
tops. Manufacturing overhead costs tend to fluctuate one month to the next,
and management would like to accurately estimate these costs for planning and
decision-making purposes. The accounting staff at Kitchen Products recommends that costs be

43. High-Low, Scattergraph, and Regression Analysis; Manufacturing Company. Kitchen Products, Inc., produces kitchen counter tops. Manufacturing overhead costs tend to fluctuate one month to the next, and management would like to accurately estimate these costs for planning and decision-making purposes. The accounting staff at Kitchen Products recommends that costs be broken down into fixed and variable components. Because the production process is highly automated, most of the manufacturing overhead costs are related to machinery and equipment. The accounting staff believes the best starting point is to review historical data for costs and machine hours Reporting Period (Month) Total Costs Machine Hours January February March $278,000 280,000 266,000 290,000 262,000 269,000 275,000 286,000 250,000 253,000 260,000 281,000 1,550 1,115 1,700 1,110 1,225 1,335 1,660 1,000 1,020 1,025 June August September October November December These data were entered into a computer regression program, which produced the following output: Coefficients y-intercept 210,766 x variable Required: a. Use the four steps of the high-low method to estimate total fixed costs per month and the variable 45.31 cost per machine hour. State your results in the cost equation form Y-f+uX by filling in the dollar amounts for fand v. b. Use the five steps of the scattergraph method to estimate total fixed costs per month, and the c. Use the regression output given to develop the cost equation Y -f+ UX by filling in the dollar d. Use the results of the high-low method (a), scattergraph method (b), and regression analysis (e), to e. Management likes the regression analysis approach and asks you to estimate costs for 5,000 variable cost per machine hour. State your results in the cost equation form Y-f+ vX by filling in the dollar amounts for fand v. amounts for fand v. estimate costs for 1,300 machine hours. (You will have three different answers-one for each method.) Which approach do you think is most accurate and why? machine hours using this approach (the company plans to expand by opening another facility and hiring additional employees). Calculate your estimate, and explain why your estimate might be misleading

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