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Data for Sandhill Corporation's maintenance costs is shown below. Units Total Cost Produced July 19,635 $38,070 August 34,912 52,368 September 39,276 60,005 October 24,002

Data for Sandhill Corporations maintenance costs is shown below. July August September October November December Units Produ 

Data for Sandhill Corporation's maintenance costs is shown below. Units Total Cost Produced July 19,635 $38,070 August 34,912 52,368 September 39,276 60,005 October 24,002 41,458 November 43,640 81,279 December 41,458 67,642 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 e.g. 1.25125.) Intercept Slope The cost equation is: $ + $ per unit produced = Total cost %24 %24 %24

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Solution Intercept 417346 Slope 155616 ie X Variable 1 Cost Equation is 417346 155... blur-text-image

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