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Month January February March April May June July August September October November December Pints of Applesauce Produced 117,000 75,000 78,000 84,000 102,000 108,000 132,000 102,000 102,000 96,000 135,000 129,000 Required: 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 86,000 pints of applesauce are produced. Total energy cost = Energy Cost $71,400 65,700 68,400 69, 150 69,900 70,650 71,100 69,600 70,200 69,300 73,500 71,800 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. (Round coefficient of X to 2 decimal places.) X

Month January February March April May June July August September October November December Pints of Applesauce Produced 117,000 75,000 78,000 84,000 102,000 108,000 132,000 102,000 102,000 96,000 135,000 129,000 Required: 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 86,000 pints of applesauce are produced. Total energy cost = Energy Cost $71,400 65,700 68,400 69, 150 69,900 70,650 71,100 69,600 70,200 69,300 73,500 71,800 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. (Round coefficient of X to 2 decimal places.) X

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Month January February March April May June July August September October November December Pints of Applesauce Produced 117,000 75,000 78,000 84,000 102,000 108,000 132,000 102,000 102,000 96,000 135,000 129,000 Required 1 Energy Cost $71,400 65,700 68,400 69, 150 Required: 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 86,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 2 69,900 70,650 71,100 69,600 70,200 69,300 73,500 71,800 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. (Round coefficient of X to 2 decimal places.) Total energy cost = + X
Transcribed Image Text:Month January February March April May June July August September October November December Pints of Applesauce Produced 117,000 75,000 78,000 84,000 102,000 108,000 132,000 102,000 102,000 96,000 135,000 129,000 Required 1 Energy Cost $71,400 65,700 68,400 69, 150 Required: 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 86,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 2 69,900 70,650 71,100 69,600 70,200 69,300 73,500 71,800 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. (Round coefficient of X to 2 decimal places.) Total energy cost = + X
Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own 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:
Transcribed Image Text:Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own 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:
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