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Serenity Living manufactures gas fireplaces for home use. Each unit produced goes through a complex quality control process. The company has observed quality control costs

Serenity Living manufactures gas fireplaces for home use. Each unit produced goes through a complex quality control process. The company has observed quality control costs as follows over the past 16 weeks:
Week Units Produced Total Quality Control Costs
134 $ 690
225 $ 550
340 $ 740
422 $ 500
528 $ 630
637 $ 720
730 $ 621
831 $ 633
927 $ 549
1029 $ 582
1132 $ 647
1239 $ 765
1336 $ 705
1424 $ 485
1526 $ 534
1648 $ 749
For planning purposes, the companys management wants to know the amount of variable quality control costs per unit and the total fixed quality control costs per week.
Required:
1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round variable cost to 2 decimal places.)
2. If the company produces 30 gas fireplaces next week, what are the expected total quality control costs? (Round intermediate and final value to 2 decimal places.)
3. This part of the question is not part of your Connect assignment.

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