Using the least squares method, what is the cost formula for this cost? 5 points y = 20,000 + 4x O y = 7,500 + 5x y = 20,000 + 5x y = 7,500 + 4x Assume that management expects 4,000 labor hours next month. Using the least squares 5 points method, calculate the production cost. P27,500 P36,000 P40,000 P23,500 Using the least squares method, what is variable cost per hour? 5 points P5.00 P3.00 P4.00 P6.00 Here is the problem on this page: Below is an examination of last year's financial statements of CPA Company which manufactures and sells trivets. Labor hours and production cost for the last 4 months of the years were as follows: Labor Hours Production Costs Month September 2.500 P 20,000 October 3,500 25,000 November 4,500 30,000 December 3.500 25.000 Totals 14,000 P100,000