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Lacourse Incorporated's inspection costs are listed below: Units Produced Inspection Costs January 439 $ 6,148 February 389 $ 5,648 March 458 $ 6,363 April 473
Lacourse Incorporated's inspection costs are listed below:
Units Produced Inspection Costs January 439 $ 6,148 February 389 $ 5,648 March 458 $ 6,363 April 473 $ 6,501 May 415 $ 5,898 June 390 $ 5,651 July 465 $ 6,428 August 416 $ 5,911
Management believes that inspection cost is a mixed cost that depends on units produced.
Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to:
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