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The controller of Blossom Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine
The controller of Blossom Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine Hours January $1,700 200 February 2,900 320 March 3,400 450 April 4,500 685 May 3,150 400 June 4,850 700 July 4,000 620 August 3,800 510 September 5,000 660 October 4,200 600 November 3,200 320 December 6,000 720 Your answer is incorrect. Determine the fixed- and variable-cost components using regression analysis (We recommend the use of Excel.) (Round foxed cost to 3 decimal places eg. 1.252 and variable cost to 5 decimal places eg. 1.25125.) Fixed costs Variable-cost eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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