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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 11,250

  1. 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, determine an estimate of total fixed cost.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Round your answer to the nearest dollar.

Example: $12,345

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