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Required information George Caloz & Freres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving
Required information George Caloz & Freres, 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: 1 2 Week Units Total Etching Cost $ 18 3 $ 17 3 8 $ 25 6 $ 20 5 7 $ 24 6 2 $ 16 30 $ 120 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2a. Using the results of the regression analysis provided in the separate handout on Sakal, estimate the variable etching cost per unit and the total foved etching cost per week. 2b. Express these estimates in the form Ya+bX Complete this question by entering your answers in the tabs below. Required Required 2A 2B Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal places.) $ 1.54 Fixed etching cost per week Variable etching cost per unit S 12.32 Required 2A Required 2B > 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: 1 Week Units Total Etching Cost 4 $ 18 2 3 $ 17 3 8 $ 25 4 6 $ 20 5 $ 24 6 2 $ 16 $120 7 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2a. Using the results of the regression analysis provided in the separate handout on Sakal, estimate the variable etching cost per unit and the total fed etching cost per week. 2b. Express these estimates in the form Ya+bX Complete this question by entering your answers in the tabs below. Required Required 2A 2B Express these estimates in the form Y = a + bx. (Round your answers to 2 decimal places.) Y= S 12.32 + $ 1.54 X
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