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Compute the variable- and fixed-cost elements

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Question - Data for Cullumber Corporation's maintenance costs is shown below.

 

Units Produced

Total Cost

July

19,900

$44,670

August

35,392

53,088

September

39,816

60,830

October

24,332

47,356

November

44,240

82,397

December

42,028

68,572

Required - Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form of a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.)

Reference no: EM132595613

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