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Quiz Company reported the following costs for various levels of monthly output Units produced Total cost 10,000 327,000 12,000 380,000 9,000 297,000 10,500 330,000
Quiz Company reported the following costs for various levels of monthly output Units produced Total cost 10,000 327,000 12,000 380,000 9,000 297,000 10,500 330,000 11,250 363,000 9,800 319,000 11,000 350,000 10,250 333,000 10,750 347,000 9,500 315,000 Using the regression functions in Excel to estimate the cost function, determine the estimated cost of producing 11,500 units Note: Give your answer using dollar signs and commas but no decimal points (cents) Round amounts in the cost function and your final answer to the nearest dollar
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