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Serenity Living manfactures gas fireplaces for home use. Each unit produced goes through a complex...

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Accounting

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Serenity Living manfactures gas fireplaces for home use. Each unit produced goes through a complex quality control process. The company has observed quality control costs as follows over the past 16 weeks: For planning purposes, the company's management wants to know the amount of variable quality control costs per unit and the total fixed quality control costs per week. Required: 1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round voriable cost to 2 decimal places.) For planning purposes, the company's management wants to know the amount of variable quality control costs per unit and the total fixed quality control costs per week. Required: 1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round voriable cost to 2 decimal places.) 2. If the company produtes 37 gas fireplaces next week, what are the expected total quality control costs? (Round intermediote ond final value to 2 decimal places.)

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