Seifer Inc.'s inspection costs are listed below: Management believes that inspection cost is a mixed cost that depends on the number of units produced. Using the least-squares regression method, the estimates of the variable and fixed components of inspection cost would be closest to:

Question

Seifer Inc.'s inspection costs are listed below:  Management believes that inspection cost is a mixed cost that depends on the number of units produced. Using the least-squares regression method, the estimates of the variable and fixed components of inspection cost would be closest to:

Quizplus · Accepted Answer

Using Microsoft Excel, the solution is:
 11eacbfc_c8ab_f182_8ffe_efce77ddb812_TB7552_00