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Question 8 of 8 Current Attempt in Progress The controller of Ivanhoe Industries has collected...

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Accounting

Question 8 of 8 Current Attempt in Progress The controller of Ivanhoe Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. {:[" Total "],[" Electricity Costs "]:} {:[" Total "],[" Machine Hours "]:} January $2,410 220 February 2,900 320 March 3,600 500 April 4,650 695 May 3,180 400 June 4,850 770 July 4,040 650 August 3,820 530 September 5,170 665 October 4,300 600 November 3,370 320 December 6,280 790

Calculate the unit variable costs and fixed costs using regression analysis for this mixed cost. Present your solution in the form of a cost formula. (Round answers to 2 decimal places, e.g. 2.45.) Intercept= Slope= The cost equation is: $ + units produced =total cost

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