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Data for Sunland Corporations maintenance costs is shown below. Units Produced Total Cost July 20,880 $37,120 August 37,120 55,680 September 41,760 63,800 October 25,520 44,080

Data for Sunland Corporations maintenance costs is shown below.

Units Produced

Total Cost

July

20,880

$37,120

August

37,120

55,680

September

41,760

63,800

October

25,520

44,080

November

46,400

76,676

December

44,080

71,920

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

$enter a dollar amount rounded to 2 decimal places

Slope

$enter a dollar amount rounded to 5 decimal places

The cost equation is: $enter a dollar amount rounded to 2 decimal places + $enter a dollar amount rounded to 5 decimal places per unit produced = Total cost

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