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George Caloz & Frres, located in Grenchen, Switzerland, makes prestige high-end custom watches in small lots. One of the company's products, a platinurn diving watch,

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George Caloz & Frres, located in Grenchen, Switzerland, makes prestige high-end custom watches in small lots. One of the company's products, a platinurn diving watch, goes through an etching process. The company has observed etching costs as follows over the last six weeks: l0 12 13 12 $ 26 $ 22 $ 28 9 19 $ 25 $ 28 2 14 71 $148 For planning purposes, management would like to know the amount of variable etching cost per unit and the total fixed etching cost per week. Required: 1. Prepare a scattergraph plot (Place etching costs on the vertical axts and units on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Week 1) to plot units on the horizontal axis and total etching cost on the vertical axis. 2. Repeat the same process for the plotter tools (Week 2 to Week 6). 3. To enter exact coordinates, click on the point and enter the values of x and y 4. To remove a point from the graph, click on the point and select delete option Instructions: 1. On the graph below, use the point tool (Week 1) to plot units on the horizontal axis and total etching cost on the vertical axis. 2. Repeat the same process for the plotter tools (Week 2 to Week 6). 3. To enter exact coordinates, click on the point and enter the values of x and y 4. To remove a point from the graph, click on the point and select delete option. Week 1 54 Week 2 45 Week 3 Week 4 27 O 18 Week 5 Week 6 20 Units 2(a). Using the least-squares regression method, estimate the variable and fixed elements of etching cost. (Round your answers to 2 decimal places.) Fixed cost Variable cost per unit 2(b).Express the cost data in (2a) above in the form Y a + bX. (Round your answers to 2 decimal places.) If the company processes twelve units next week, what would be the expected total etching cost? Round your intermediate and final answers to 2 decimal places) 3. Variable cost Fixed cost Total expected cost $ 0.00

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