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Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 437 $ 6,144 February 387 $ 5,646 March 456 $ 6,359 April 471
Lacourse Inc.'s inspection costs are listed below:
| Units Produced | Inspection Costs | |||||
| January | 437 | $ | 6,144 | |||
| February | 387 | $ | 5,646 | |||
| March | 456 | $ | 6,359 | |||
| April | 471 | $ | 6,497 | |||
| May | 413 | $ | 5,896 | |||
| June | 388 | $ | 5,649 | |||
| July | 463 | $ | 6,424 | |||
| August | 414 | $ | 5,909 | |||
Management believes that inspection cost is a mixed cost that depends on units produced.
Using the least-squares regression method, the estimate of the variable component of inspection cost per unit produced is closest to:
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$15.16
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$9.58
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$10.29
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$10.19
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