12. (4 points) Tudor Co. utilizes a simple regression analysis model that is used to estimate factory overhead. Tudor's management accountant has determined that the intercept of the line of best fit for overhead with the y-axis is $5,000. The slope of the line is .80. The independent variable, machine hours equal 12,000 hours for the period Using this information provide: a. the cost estimation equation. Y=F+ vx total mixed Cost = total fixed Cost + (unit variable Cost x Number of units) b. calculate the estimated amount of factory overhead for the period. factory overhead = 5,000+ 0.80 (12,000)