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Your boss would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent periods

Your boss would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent periods appear below.

Activity Cost Period 1.................... 22 235 Period 2.................... 23 243 Period 3.................... 25 255 Period 4.................... 20 227

Using the least-squares regression method, what is the cost formula for this cost?

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