Question: Please show steps on how to find the answer. Required information (The following information applies to the questions displayed below.) Nation's Capital Fitness, Inc., operates

Please show steps on how to find the answer. Required information (ThePlease show steps on how to find the answer.

Required information (The following information applies to the questions displayed below.) Nation's Capital Fitness, Inc., operates a chain of fitness centers in the Washington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of the high-low method to develop an equation, in the form of Y= a +bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Month January February March April May June July August September October November December Hours of Maintenance Service 530 460 260 490 360 440 360 430 450 380 370 350 4,880 407 Maintenance Costs $ 5,237 4,190 2,780 4,340 3,000 4,140 3,020 3,600 3,980 3,250 3,170 3,060 $43,767 $ 3,647* Total Average *Rounded Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness, Inc. Express the cost behavior pattern in equation form. (Round coefficient of Xto 2 decimal places and other answer to the nearest whole dollar amount.) Monthly maintenance cost =

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