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The regression output was based on the following data: Number of Color Month Copies July 23,850 August 19,600 September 23,750 October 23,350 November 20,750 December 22,500 Color Copy Department Costs $ 1,925 1,585 1,925 1,965 1,770 1,870 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the foxed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department Enter answer as an equation in the form of y-a + bx. 5-. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of a +bx 6.16 22.600 coples are made during January, what is the total cost predicted by each method? Reg 1 Reg 2 Reg 3 Reg Sa Reg 5b Req 6 Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. (Round your answers to 2 decimal places.) Vanable Cost per Color Copy Fixed Cost $ 0.08 $ 1,700.00 Reg 1 Reg 2 Reg 3 Reg 5a Reg Sb Reg 6 What cost formula should be used based on your analysis? Enter answer as an equation in the form of a + bx (Round your intermediate calculations and your final answers to 2 decimal places.) Total Cost (per Number of Color Copies) Req 1 Reg 2 Reg 3 Req Sa Req 5b Reg 6 If 22,600 copies are made during January, what is the total cost predicted by each method? (Use the answers that you provided in parts 3 and 5-b and round your final answers to 2 decimal places.) Total Cost Regression High-Low

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