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Required information Exercise 5A-2 (Algo) Least-Squares Regression (LO5-11) [The following information applies to the questions displayed below) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled: Month Rental Returns Car Wash Costs January 2,400 $ 11,400 February 2,500 $ 13,300 March 2,800 $ 12,200 April 3,100 $ 14,900 May 3,700 $ 16,600 June 5, 100 $ 24,100 July 5,600 $ 22,600 August 5,600 $ 23,200 September 4,800 $ 23,200 October 4,100 $ 22,300 November 2,200 $ 11, 100 December 3,000 $ 15,600 Exercise 5A-2 Part 2 (Algo) 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Fixed cost per month Variable cont per rental rotur

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