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Required information Skip to question [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced Total
Required information
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[The following information applies to the questions displayed below.] Felix & Company reports the following information.
Period | Units Produced | Total Costs |
---|---|---|
1 | 0 | $ 2,595 |
2 | 400 | 3,235 |
3 | 800 | 3,875 |
4 | 1,200 | 4,515 |
5 | 1,600 | 5,155 |
6 | 2,000 | 5,795 |
7 | 2,400 | 6,435 |
8 | 2,800 | 7,075 |
9 | 3,200 | 7,715 |
10 | 3,600 | 8,355 |
Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts.
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