Question 1:

Question 2:

Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations 0.9682 0.9374 30 Standard Error 8,273 0.6863 T Stat 2.82 8.13 P-Value 0.009 0.000 Coefficients 23,327 Intercept Production (X) 5.58 a. What is Sage's total fixed cost? Total Fixed Costs b. What is Sage's variable cost per unit? (Round your answer to 2 decimal places.) Variable Costs Per Unit c. What total cost would Sage predict for a month in which they sold 14,000 units? (Round your intermediate calculations to 2 decimal places.) Total Costs