Mzinga ltd reported the following costs for the 12- month period from 1 January 2022 to 31 December 2022

Period

Total Production cost

( Shs 000}

Level of activity

(Units Produced)

January 460 30February 30022March 480

33

April

550

39May

570

41June 310 26July

410

29August

455

32September

530

38October 250 15November 70045December49035

Required:

i) Using linear regression, establish the production function in the form of Y= a+ bx

ii) From the equation above (i) estimate the production cost that would be incurred on 50 units