10-23 Costvolumeprofit and regression analysis. Garvin Corporation manufactures a childrensbicycle, model CT8. Garvin currently manufactures the bicycle frame. During 2023, Garvin made 30,000frames at a total cost of $900,000. Ryan Corporation has offered to supply as many frames as Garvin wants ata cost of $28.50 per frame. Garvin anticipates needing 36,000 frames each year for the next few years.Required1. a. What is the average cost of manufacturing a bicycle frame in 2023? How does it compare to Ryansoffer?b. Can Garvin use the answer in requirement 1a to determine the cost of manufacturing 36,000 bicycleframes? Explain.2. Garvins cost analyst uses annual data from past years to estimate the following regression equationwith total manufacturing co