Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: 2 Regression Statistics Multiple R 0.9825 R Square 0.9587 Observations 30 Skud Intercept Production (x) Coefficiants Standard Error 174,354 60,954 11.6B 0.9245 T Stat P-value 2.86 0.021 12.63 0.000 What is Star's formula for estimating costs? Multiple Choice Total cost = $174,354 + 151168 Production) Total cost - $60,954 +($0.92 Production) Total cost = $174,354 +1860,954 Production Total cost - $11.68 + $0.9245 Production) 15 Citrus, Inc. used the high-low method to estimate that its fixed costs are $180,000. At its low level of activity, 100,000 units, average cost was $2.60 per unit. What would Citrus predict its average cost per unit to be when production is 100,000 units? Multiple Choice $1.80 $2.60 $2.60 $2.60