Exercise 2-8 (Part Level Submission)Usonic, Inc., has collected the following information on its cos

Exercise 2-8 (Part Level Submission)Usonic, Inc., has collected the following information on its cost of electricity:Machine HoursTotal Electricity CostsJanuary625$280February700$290March500$265April425$200May450$248June300$170July375$180August550$240September575$260October280$150November430$215December200$100(b)Assuming the line intersects the y-axis at $50 and using the September activity levels calculate the equation of the line that would be drawn for a scatter graph. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed cost to 0 decimal places, e.g 15.)y =$ × MH+$(c) What is the expected electricity cost when 425 machine hours are used? (Round answer to 2 decimal places, e.g. 125.25.)Total cost$

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