Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: 00 Regression Statistics Multiple R 0.9718 R Square 0.9480 Observations 30 Intercept Production (X) Coefficients 174,789 11.60 Standard Error 61,389 0.9263 T Stat P-Value 2.85 0.021 12.52 0.000 How much of the variation in cost is explained by production? Multiple Choice It is impossible to determine. 92.63% O 94.80% O 97.18% Royal Enterprises has presented the following information for the past three months operations: 6 Month June July August Units 3,900 6,300 7,500 Average Cost $13.00 $ 9.00 $ 8.20 Skipped a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round your variable cost to 2 decimal places.) Fixed Cost Per Month Variable Cost Per Unit b. What would total costs be for a month with 5,550 units produced? (Do not round your intermediate calculations.) Total Costs