0.9800 0.9604 20 Sage, Incorporated, used Excel to run a least-squares regression analysis, which resulted in...
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0.9800 0.9604 20 Sage, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Standard Coefficients Error T Stat P-Value Intercept 21,239 6,922 3.07 0.007 Production 3.29 0.5309 6.20 0.000 (X) Required: a. What is Sage's total fixed cost? b. What is Sage's variable cost per unit? Note: Round your answer to 2 decimal places. c. What total cost would Sage predict for a month in which it sold 12,000 units? Note: Round your intermediate calculations to 2 decimal places. a. Total Fixed Cost b. Variable Cost c. Total Cost per unit 0.9800 0.9604 20 Sage, Incorporated, used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations Standard Coefficients Error T Stat P-Value Intercept 21,239 6,922 3.07 0.007 Production 3.29 0.5309 6.20 0.000 (X) Required: a. What is Sage's total fixed cost? b. What is Sage's variable cost per unit? Note: Round your answer to 2 decimal places. c. What total cost would Sage predict for a month in which it sold 12,000 units? Note: Round your intermediate calculations to 2 decimal places. a. Total Fixed Cost b. Variable Cost c. Total Cost per unit
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