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The controller of Sandhill Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine
The controller of Sandhill Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine Hours January $2,360 270 February 3,050 360 March 3,500 500 April 4,800 690 May 3,220 440 June 4,850 760 July 4.150 640 August 3,800 570 675 September 5,160 October 4,210 620 November 3,320 360 December 6.250 780 C (a) Determine the fixed- and variable-cost components using regression analysis (We recommend the use of Excel) (Round faxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places eg. 1.25125.) Fixed costs Variable-cost (c) eTextbook and Media Save for Later Attempts: 0 of 2 used Sutamt Amwer of this question must be completed in order. This part will be available when you complete the part above
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