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Month January February March April May June July August September October November December Rental Returns 2,400 2,500 2,800 3,100 3,700 5,100 5,600 5,600 4,800 4,100
Month January February March April May June July August September October November December Rental Returns 2,400 2,500 2,800 3,100 3,700 5,100 5,600 5,600 4,800 4,100 2,200 3,000 Exercise 5A-2 Part 2 (Algo) Fixed cost per month Variable cost per rental return Car Wash Costs $ 11,400 $ 13,300 $ 12, 200 $ 14,900 $ 16,600 $ 24,100 $ 22,600 $ 23,200 $ 23,200 $ 22,300 $ 11,100 $ 15,600 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. Note: Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.
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