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Data for Ivanhoe Corporation's maintenance costs is shown below. July August September October November December Units Produced 15,480 27.520 30,960 18.920 34,400 32,680 Total Cost

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Data for Ivanhoe Corporation's maintenance costs is shown below. July August September October November December Units Produced 15,480 27.520 30,960 18.920 34,400 32,680 Total Cost $27.520 41.280 47,300 32,680 56,846 53,320 Compute the variable and fixed cost elements using the regression analysis. Present your solution in the form of a cost equation (We recommend that you use the Intercept and Slope functions in Excel) (Round intercept to 2 decimal places eg. 1.25 and slope to 5 decimal places c.g. 1.25125.) Intercept $ Slope $ The cost equation is: 5 -$ per unit produced - Total cost

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