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The controller of the Branch Company is preparing the budget for 2021 and needs to estimate a cost function for delivery costs. Information regarding delivery

The controller of the Branch Company is preparing the budget for 2021 and needs to estimate a cost function for delivery costs. Information regarding delivery costs incurred in the prior 2 months are:

(Click the icon to view the information.)

Requirements

  1. Estimate the cost function for delivery.
  2. Can the constant in the cost function be used as an estimate of fixed delivery cost per month? Explain.
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The controller of the Branch Company is preparing the budget for 2021 and needs to estimate a cost function for delivery costs. Information regarding delivery costs incurred in the prior 2 months are: (Click the icon to view the information.) Requirements 1. Estimate the cost function for delivery. 2. Can the constant in the cost function be used as an estimate of fixed delivery cost per month? Explain. Requirement 1. Estimate the cost function for delivery. Data table

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