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What is the total fixed cost

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Question - Using the data from table,

Month

Units

Total cost

April

8000

30400

May

6400

25800

June

3800

18300

July

5600

23200

August

7000

26000

September

8400

29800

October

7800

26500

November

6800

25700

1. Perform a least-squares regression analysis on the data using excel.

2. What is the total fixed cost?

3. What is the variable cost per unit?

4. What would total cost be for a month with 7500 units produced?

5. What proportion of variation in cost is explained by a variance in production?

Reference no: EM131720586

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