Item$10$

Time Remaining $1$ hour $25$ minutes $4$ seconds$01$:$25$:$04$

Item

Skipped

Item $10$

Time Remaining $1$ hour $25$ minutes $4$ seconds$01$:$25$:$04$

Furlan Printing Corporation, a book printer, has provided the following data:

Titles Printed Press Setup Cost

May $28$ $ $3,112$

June $29$ $ $3,145$

July $41$ $ $3,630$

August $23$ $ $2,938$

September $39$ $ $3,549$

October $37$ $ $3,493$

November $38$ $ $3,495$

December $34$ $ $3,450$

Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. $($A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title$-$for example, changing the printing plates. The costs of these steps are the press setup costs.$)$

Required:

Estimate the variable cost per title printed and the fixed cost per month using the least$-$squares regression method. $($Round the "Variable cost" to $2$ decimal places and the "Fixed cost" to the nearest dollar amount.$)+$