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! Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots.
! Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Total Etching 1 Units 11 Cost $ 26 2 8 20 3 13 32 4 7 19 5 9 24 6 12 29 60 $ 150 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 2A-5 Part 3 (Algo) Required: 3. If the company processes ten units next week, what would be the expected total etching cost? Note: Round your intermediate calculations and final answer to 2 decimal places. Expected total etching cost
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