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Data for Sandhill Corporation's maintenance costs is shown below. Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form
Data for Sandhill Corporation's maintenance costs is shown below. 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 e.g. 1.25 and slope to 5 decimal places e.g. 1.25125.) Intercept $ Slope $ The cost equation is: $ +$perunitproduced=Totalcost
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