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: 11ea7998_5e31_999e_911b_cbb1162bf249_TB2627_00_TB2627_00