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need part c The controller of Ivanhoe Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs Determine the
need part c
The controller of Ivanhoe Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs Determine the fixed- and variable-cost components using regression analysis (We recommend the use of Excel.) (Round foxed cost to 3 decimal places e.s. 1.252 and variable cost to 5 decimal places e4. 1.25125.] Fixed costs $ Variable-cost $ Attempts: 2 of 2 used What electricity cost does the cost equation estimate for a level of activity of 490 machine hours? (Round answer to 2 decimal places es. 1.25.J Electricity costs $ By what amount does this differ from Marchis observed cost for 490 machine hours? (Round answer to 2 decimat places e.s. 1.25.) Amount differ \$\$ Step by Step Solution
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