41. (10 points) The Dubai Corp. uses regression analysis to estimate the cost of indirect materials. The results were as follows: Indirect Materials Cost Explained by Pounds of Direct Materials Used Constant Standard error of Y estimate r2 Number of observations X coefficient Standard error of coefficient $15,685 $3,500 0.7832 20 10.25 2.1876 a. Using the information above what is the cost equation for estimating Indirect Material costs? b. What is the slope of the cost equation? c. What is the intercept of the cost equation? d. What is the estimated cost of Indirect Materials if 500 pounds of Direct Materials is used? e. Why is cost estimation important for organizations?