Required information [The following information applies to the questions displayed below.] Caiman Distribution Partners is the Brazilian distribution company of a U.S. consumer products firm. Inflation in Brazil has made bidding and budgeting difficult for marketing managers trying to penetrate some of the country's rural regions. The company expects to distribute 450,000 cases of products in Brazil next month. The controller has classified operating costs (excluding costs of the distributed product) as follows. Account Supplies Supervision Truck expense Building leases Utilities Warehouse labor Equipment leases Data processing equipment Other Total Operating Cost $ 562,000 202,000 1,260,000 874,000 205,000 872,000 753,000 933,000 854,000 $6,515,000 Behavior All variable $145,000 Fixed $209,000 Fixed $ 550,000 Fixed $ 120,000 Fixed $ 131,000 Fixed $599,000 Fixed All fixed $408,000 Fixed Although overhead costs were related to revenues throughout the company, the experience in Brazil suggested to the managers that they should incorporate information from a published index of Brazilian prices in the distribution sector to forecast overhead in a manner more likely to capture the economics of the business. Although overhead costs were related to revenues throughout the company, the experience in Brazil suggested to the managers that they should incorporate information from a published index of Brazilian prices in the distribution sector to forecast overhead in a manner more likely to capture the economics of the business. Following instructions from the corporate offices, the controller's office in Brazil collected the following information for monthly operations from last year. Month Hemoro Cases 322,000 353,000 323,000 376,000 364,000 372,000 380,000 428,000 378,000 420,000 420,000 429,000 Price Index 112 111 111 113 125 129 124 128 125 130 139 141 Operating costs $5,699,145 5,806,644 5,849,911 5,927,623 5,939,141 6,043,370 5,918,501 6,133,874 6,126,136 6,186,631 6,208,805 6,362,261 12 These data are considered representative for both past and future operations in Brazil. b. Use the high-low method to compute an estimate of operating costs assuming that 450,000 cases will be shipped next month. (Round variable cost to 5 decimal places. Round intermediate calculations and final answer to nearest whole dollar amount.) Estimate of operating cost C-1. Using Excel, calculate the simple regression of operating costs on cases shipped and enter the regression coefficients. C-2. Compute the estimation of operating costs assuming that 450,000 cases will be shipped next month by using the results of a simple regression of operating costs on cases shipped. Complete this question by entering your answers in the tabs below. Req C1 Req c2 Using Excel, calculate the simple regression of operating costs on cases shipped and enter the regression coefficients. (Round "Intercept" to nearest whole dollar amount. Round the case coefficient to 5 decimal places.) Intercept Cases Req C1 Reg C2 Compute the estimation of operating costs assuming that 450,000 cases will be shipped next month by using the results of a simple regression of operating costs on cases shipped. (Round variable costs per unit to 5 decimal places. Round the intercept and final answer to the nearest whole dollar amount.) Estimate of operating cost