Business, 06.10.2021 23:40 kdamaso93

Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information: Week Units Produced Mixed Cost 1 12,000 $ 35,300 2 13,500 $ 39,500 3 14,000 $ 41,100 4 13,700 $ 39,620 5 11,500 $ 34,400 6 10,100 $ 32,050 7 10,800 $ 32,380 8 14,400 $ 41,890 9 11,200 $ 34,200 10 13,200 $ 39,150 Using least-squares regression, the estimate for the variable cost per unit is closest to:

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Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost e...