Section B: Problem questions 1. The Perry Products Company needs to predict the labor to-order mugs. The following production information is availab cost in producing made- Mugs Produced Labor-Hours Labor Year 2012 850 975 800 $8,400 $ 9,000 $ 7,900 $10,700 $9,700 $9,900 1,150 1,600 2013 20141,100 2015 2016 1,500 2017 1,300 1,150 2,100 950 875 Develop an equation for labor costs using the high-low methord of cost estimation, and predict total costs for an annual usage of 2,500 labor hoursof cost estimation