Score: 0 of 15 pts 5 of 5 (1 complete) HW Score: 2.94%, 2 of Exercise 10-22 (similar to) Question Help Bailey Nickles, managing director of the Winnipeg Consulting Group, is examining how overhead costs behave with changes in monthly professional labour-hours billed to clients. Assume the following historical data Click the icon to view the data.) Required Requirement 1. Compute the linear cost function, relating total overhead cost to professional labour-hours, using the representative observations of 5,000 and 8,000 hours. Plot the linear cost function. Does the constant component of the cost function represent the fixed overhead costs of the Winnipeg Consulting Group? Why? Select the labels for the cost function using the representative observations of 5,000 and 8,000 hours. ren: Cost Accoun on Inc. All Rights Choose from any drop-down list and then click Check Answer Check Answer Clear A parts remaining E 0 pls 5 of 5 (1 complete) Ee 10-22 (similar to) kles, managing director of the Winnipeg Consulting Group, is examining how overhead costs behave with changes in monthly p clients. Assume the following historical data: k the icon to view the data.) Historical data -X ement 1. Compute the linear cost function Plot the linear cost function. Does the cong epresentative observa is of the Winnipeg Cou the labels for the cost function using the ra Total Overhead Costs $ 320,000 385.000 415.000 457,000 514,000 567.000 Professional Labour Hours Billed to Clients 4,000 5,000 6,000 7,000 8,000 9,000 Print Done thoose from any drop-down list and then click Check Answer parts Clear All Check Ans remaining