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Required information George Caloz & Fr res , located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a
Required information
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:
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
Required:
a Using the leastsquares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
b Express these estimates in the form
Complete this question by entering your answers in the tabs below.
Express these estimates in the form
Note: Round your answers to decimal places.
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