# Refer to the data for Zerbel Company in Exercise 5-7. Required: 1. Using the least-squares regression method, estimate the cost

## Question:

Required:

1. Using the least-squares regression method, estimate the cost formula for shipping expense.

2. If you also completed Exercise 5-7, prepare a simple table comparing the variable and fixed cost elements of shipping expense as computed under the quick-and-dirty scattergraph method, the high-low method, and the least-squares regression method.

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## Step by Step Answer:

**Related Book For**

## Managerial Accounting

**ISBN:** 9780073526706

12th Edition

**Authors:** Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

**Question Details**

Chapter #

**5**Section: Exercises

Problem: 8

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