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One of Varic Company's products goes through a glazing process. The company has observed glazing costs as follows over the last six weeks: Week Units

One of Varic Company's products goes through a glazing process. The company has observed glazing costs as follows over the last six weeks:

Week

Units

Produced/Total

Glazing Cost

12$262

11$215

13$275

9$194

12$245

14$284

For planning purposes, the company's management wants to know the amount of variable glazing cost per unit and the total fixed glazing cost per week.

Required:1.Using the least-squares regression method, estimate the variable and fixed elements of the glazing cost.(Round your answers to 2 decimal places. Omit the "$" sign in your response.)

then,

Express the cost data in (1) above in the formY=a+bX.(Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Y = $+ $X

If the company processes twelve units next week, what would be the expected total glazing cost?(Round your intermediate and final answers to 2 decimal places.Omit the "$" sign in your response.)

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