A company has the following financial information:
year
Labour
(in hours)
machine costs
(in $)
2009
1,200
103,266
2010
1,225
110,216
2011
1,100
97,579
2012
1,050
94,581
2013
1,160
111,762
2014
1,200
115,786
2015
1,350
136,476
2016
1,380
141,852
2017
1,250
128,679
2018
1,270
135,334
2019
1,220
132,222
Required
Using the high-low method, what are the estimated machine costs
if there are 1,100 Labour hours?
if there...