Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallon- size bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Month January February March April May June Number of Bottles Sold 1,010 1,420 1,850 2,360 3,490 3,600 Operating Cost $ 10,460 15,750 15,970 19,820 27,660 34,700 Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y= a + bx) for estimating Garfield's operating costs.

Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallonsize bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+bx) for estimating Garfield's operating costs. Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallonsize bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+bx) for estimating Garfield's operating costs Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallonsize bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+bx) for estimating Garfield's operating costs. Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallonsize bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+bx) for estimating Garfield's operating costs