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The controller of Ivanhoe Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs Total Electricity Costs Total Machine
The controller of Ivanhoe Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs Total Electricity Costs Total Machine Hours January $2,050 260 February 2,960 350 March 3,530 490 April 4,600 685 May 3,160 440 June 4,910 760 July 4,100 640 August 3.950 560 September 5.030 670 October 4.230 615 November 3.390 350 December 6.210 780 November 3,390 350 December 6,210 780 (a) Your answer is incorrect.. Determine the fixed-and variable-cost components using regression analysis (We recommend the use of Excel.) (Round fixed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g. 1.25125.) Fixed costs $ Variable-cost $ (c) eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer 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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