Data for Pharoah Corporations maintenance costs is shown below. Units Produced Total Cost July 18,560...
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Accounting
Data for Pharoah Corporations maintenance costs is shown below.
Units Produced Total Cost
July 18,560 $38,254
August 32,992 49,488
September 37,116 56,705
October 22,682 39,178
November 41,240 76,810
December 39,178 63,922
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.) (Round intercept to 2 decimal places e.g. 1.25 and slope to 5 decimal places e.g. 1.25125.)
Intercept $
Slope $
The cost equation is: $ + $ per unit produced = Total cost
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