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Data for Wildhorse Corporation's maintenance costs is shown below. Total Cost July August September October November December Units Produced 18,920 33,632 37,836 23,122 42,040 39,938
Data for Wildhorse Corporation's maintenance costs is shown below. Total Cost July August September October November December Units Produced 18,920 33,632 37,836 23,122 42,040 39,938 $40,151 50,448 57,805 41,356 78,299 65,162 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: $ per unit produced = Total cost
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