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 1,000 1,400 1,750 2,400 3,480 3,625 Operating Cost $ 10,500 15,740 15,800 19,675 27,245 34,755 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. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Variable Cost per Unit Fixed Cost Required 6 Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. Note: Do not round your intermediate calculations. Round your variable cost per unit answer to 2 decimal places and fixed cost answer to the nearest whole number. Prev 1 of 3 www Next >

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: 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. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. Note: Do not round your intermediate calculations. Round your variable cost per unit answer to 2 decimal places and fixed cost answer to the nearest whole number. Complete this question by entering your answers in the tabs below. Using the regression output, create a linear cost equation (y=a+bx) for estimating Garfield's operat Note: Round your answers to 3 decimal places. Complete this question by entering your answers in the tabs below. Perform a least-squares regression analysis on Garfield's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using least-squa to 3 decimal places. Complete this question by entering your answers in the tabs below. Determine how well this regression analysis explains the data. Note: Round your regression statistics to three decimal places and, observation and percentage ans number