Chocolates has observed the following overhead costs for the past 12 months:

The results of the regression analysis are:

TC = $8,781 + ($0:63 × Number of Boxes)

a. Plot the data and the regression line (like Problem 5.4 for Self-Study).
b. Estimate total monthly costs for a month when 10,200 boxes of chocolate areproduced.

Transcribed Image Text:

Month Overhead Costs Boxes of 0utput anuary February March April May June uly August September October November December $11400 15,600 16,800 12,000 14,100 15,600 13,200 12,300 15,600 12,900 14,400 15,000 4,500 11,000 12,000 5,500 9,000 10,500 7,500 5,000 11,500 6,000 8,500 10,000