Martha’s Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company’s cont

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Martha’s Vineyard Marine Supply is a wholesaler for a large
variety of boating and fishing equipment. The company’s controller,
Mathew Knight, has recently completed a cost study of the firm’s
material-handling department in which he used work measurement to
quantify the department’s activity. The control factor unit used in
the work-measurement study was hundreds of pounds of equipment
unloaded or loaded at the company’s loading dock. Knight compiled
the following data.
Required:
5. Estimate the material-handling department’s cost
behavior using the high-low method. Use an equation to express the
results of this estimation method. (Round coefficient
of X to 2 decimal places.)
Material-handling cost per month = ? + ?x