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Question Description: * Question 2 One of Varic Company s products goes through a glazing process. The company has observed glazing costs as follows over

Question Description:*Question 2 One of Varic Companys products goes through a glazing process. The company has observed glazing costs as follows over the last six weeks Week Units Total Produced Cost (TZS)18270,00025200,000310310,00044190,00056240,00069290,000 For planning purposes the companys management must know the amount of variable cost per unit and the total fixed cost per week Required 1. Using the least-squares regression method, estimate the variable and fixed elements of the cost 2. Express the cost data in (1) above in the form of Y= a + bX3. If the company processes seven units next week, what would be the expected total cost?

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