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Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of
Required information Exercise 5A-5 (Algo) Least-Squares Regression [LO5-11] 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 123456 Units 9 6 11 5 7 10 48 Total Etching Cost $27 20 31 20 24 30 $152 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the company processes eight units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Expected total etching cost
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