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Kent Company used Excel for regression analysis. The company has generated the following output: Regression Statistics Multiple R 0.9577 R Square 0.9172 Observations 30 Intercept
Kent Company used Excel for regression analysis. The company has generated the following output: Regression Statistics Multiple R 0.9577 R Square 0.9172 Observations 30 Intercept Production (x) Coefficients 24,355 6.47 Standard Error 6,730 0.6314 T Stat 3.62 10.25 P-Value 0.001 0.000 a. What is the total fixed cost? Total Fixed Costs b. What is the variable cost per unit? (Round the answer to 2 decimal places.) Variable Costs Per Unit c. What total cost when the company sells 11,000 units? (Round intermediate calculations to 2 decimal places.) Total Costs
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