ok Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Number of Jerseys Operating Month Printed Cost January 215 $5,865 February 285 5,680 March 230 5,925 April 510 8,680 May 705 9,705 June 610 9,235 July 420 6,240 August 340 6,170 September 305 6,050 October 230 5,960 November 185 4,990 December 170 4,890 nce Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.) $ 9.63 Variable Cost per Jersey Fixed Cost 4. Using the high-low method results, calculate the store's expected operating cost if it printed 435 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Total Cost 5. Perform a least squares regression analysis on Leslie's doto (Use Microsoft Excel or a statistical package to find the coefficients using least squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 Required: 3. Using the high-low method, calculate the store's total foed operating costs and variable operating cost per jersey (Do not round your intermediate calculations. Round your "Variable Cost answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.) CE Variable Cost per Jersey Fixed Cost $ 9.63 4. Using the high-low method results, calculate the store's expected operating cost if it printed 435 jerseys (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Total Cost 5. Perform a least squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical package to find the coefficients using least squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 6. Using the regression output, create a linear equation (y = + bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.) Total Cost (Number of Jerseys 7. Using the least squares regression results, calculate the store's expected operating cost if it prints 645 jerseys (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.) Total Cost
