What is the variable cost per hour, using the regression method to estimate cost equation?

What is the total fixed cost per month using the regression method to estimate cost equation?

Based on the results of the regression analysis, the estimate of total adminstrative cost in a month with 1,000 credit hours to the would be.

Now assume that high0low method has been used instead of regssion method. What is the variable cost per hour using the high low method.

The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development. One cost that is being looked at closely is administrative costs as a function of student credit hours. Data on administrative costs and credit hours for the past thirteen months are shown below: Month July August September October November December January February March April May June July Total Average Administrative Costs S 129,579 83,026 224,986 217.147 257,958 184,283 218.804 245,617 209.995 192,071 249,778 170,882 127,616 $ 2,511,742 193.211 Credit Hours 345 390 1,401 1,131 1,340 1,367 1,369 1,538 1,130 1,120 1,380 651 354 13,516 1,040 The controller's office has analyzed the data and has given you the results from the regression analysis: Regression Statistics Multiple R 0.9053404 R Square 0.819641231 Adjusted R Square 0.803244979 Standard Emer 23,516.82963 Observations 13 Regression Residual Total df SS MS F Significance F 1 27,646,284,023 27,646,284,023 49.9895491 2.07121E-05 11 6,083.454,036 553,041,276.0 12 33,729,738,059 t Stut P-value Lipper 95% Lower 95.0% Lower 95% Intercept 4.66672814 0.000686177 42,491.21818 118,357,0669 42,491.21818 X Variable i 108.4794797 15.34291869 7.070328783 2.071218-0574.70994333 142.249016 74.70994333 Cocfficients Stundurd Error 80,425.64253 17,233.83922