Easy Electronics produces an easy-to-use high-end compact disc player that sells for $1,500. Total operating expenses for the past 12 months are as follows: Units produced Cost August September 525 $286,400 555 289,980 October 570 304,800 November 600 325,120 December 525 297,200 January 540 280,880 February 630 321,400 March 525 276,860 April 510 274,280 May 480 279,340 June 555 289,440 July 540 287,520 Required: 1. Using the high-low method, create a total cost formula for the production of the compact disc player. 2. Using the cost formula created from requirement 1, what would next month's predicted cost be if 549 units are produced? 3. Using Excel, run a regression analysis on the data above. Make sure to turn in the file with your homework. 4. Create a cost formula using the results from your regression analysis (round out to 4 decimals places when creating your formula). Using this new cost formula, what would next month's predicted cost be if 549 units are produced? 5. What is R squared based on your results? Do you think that units produced is a good indicator of total cost?