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Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color
Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R square Number of observations X coefficient 184.11587 0.966248 0.074943 The regression output was based on the following data: Number of Color Copies 19,500 18,300 24,800 23,700 22,350 18,650 Color Copy Month July August September October Costs $1,615 1,515 2,035 1.975 1,855 1,650 Required 1. What is the variable cost per color copy for TOSS? (Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6)) Answer is complete and correct. | per color copy (in cents 7.5 2. What is the fixed cost for the Color Copy Department? (Round your answer to 2 decimal places. Answer is complete and correct. $ ixed Cost 184.12 Month
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