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B. Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, hos store hours that fluctuate from month to month as

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B. Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, hos store hours that fluctuate from month to month as the tourist trade in the community varies. The utility costs for one of the company's stores are listed below for the posts months Hetom Total Hours of Month Operation January 550 February March 700 April 500 May June 400 600 Total utility Cost $1,620 1,700 1,900 1,600 1.350 1,300 450 Required: 1-a. Use the high-low method to estimate the cost behavior for the store's utility costs. Express the cost behavior in formule form (Y + bX). 1-b. What is the variable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form 3-b. What is the variable utility cost per hour of operation? 4. During July, the store will be open 300 hours, Predict the store's total utility cost for July using each of the cost estimation methods employed in requirements (1) and (3)

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