1. Prepare a scattergraph plot. (Place car wash costs on the vertical axis and rental returns on the horizontal axis).

2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to was cars.

Fixed cost per month:

Variable cost per rental return:

x Graded HW I CVP Analysis I CHP 5 Seved 6 Required information The following information applies to the questions displayed below) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California, Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer . Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled: Part 1 of 2 125 paints BOK Honth January February March April June July AURUS September October November December Rental Returns Car Wash Costs 2,400 $10,000 2,500 $ 13,000 2.700 $ 11,600 3.000 $ 14,000 1,600 $ 16,000 5,000 $ 22,900 5,500 $ 22,000 5,400 .700 YO $ 22,600 $ 20,500 2,200 $ 10,500 2.700 $ 13,500 AN References 2.900 Required: 1. Prepare a scattergraph plot (Place car wash costs on the vertical axis and rental returns on the horizontal axis) Instructions: 1. On the graph below, use the point tool (January) to plot rental returns on the horizontal axis and car wash costs on the vertical oxis, 2. Repeat the same process for the plotter tools (February to December). 3. To enter exact coordinates, click on the point and enter the values of x and y, 4. To remove o point from the graph, click on the point and select delete option. MC x Graded HW I CVP Analysis I CHP 5 Seved 6 Required information The following information applies to the questions displayed below) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California, Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer . Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled: Part 1 of 2 125 paints BOK Honth January February March April June July AURUS September October November December Rental Returns Car Wash Costs 2,400 $10,000 2,500 $ 13,000 2.700 $ 11,600 3.000 $ 14,000 1,600 $ 16,000 5,000 $ 22,900 5,500 $ 22,000 5,400 .700 YO $ 22,600 $ 20,500 2,200 $ 10,500 2.700 $ 13,500 AN References 2.900 Required: 1. Prepare a scattergraph plot (Place car wash costs on the vertical axis and rental returns on the horizontal axis) Instructions: 1. On the graph below, use the point tool (January) to plot rental returns on the horizontal axis and car wash costs on the vertical oxis, 2. Repeat the same process for the plotter tools (February to December). 3. To enter exact coordinates, click on the point and enter the values of x and y, 4. To remove o point from the graph, click on the point and select delete option. MC