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Newport, Inc. manufactures a product X. The manager used Excel to run a least-squares regression analysis to calculate total costs. The output is as

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Newport, Inc. manufactures a product X. The manager used Excel to run a least-squares regression analysis to calculate total costs. The output is as follows: SUMMARY OUTPUT Regression Statistics Multiple R R Square 0.8 0.6 Adjusted R Square 0.6 Standard Error 1011.7 Observations 6 Intercept Production (X) Standard 1 P- Lower Upper Coefficients Error Stat value 9596 95% 11180 1213.42 9.21 0 7811.8 14549.9 0.3 0.12 2.69 0.05 -0.01 0.65 Based on the output, what is Newport's variable cost per unit? QUESTION 36 Refer to Newport, Inc. What is Newport's total fixed cost?

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