Question: ad 5A - Homework A Saved RYMUI The following information applies to the questions displaved below. Bargain Rental Car offers rental cars in an off-airport
ad 5A - Homework A Saved RYMUI The following information applies to the questions displaved below. Bargain Rental Car offers rental cars in an off-airport location near a malor tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own cal 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: Rental Returns 2.400 2,500 2,800 3, 100 Month January February March April June July August September October November December 3.700 5,100 5,600 5,600 4,700 4, 100 2,200 Car Wash Costs $ 11,300 $ 13.300 $ 12.100 $ 14,700 $ 16,500 $ 23,900 $ 22,500 $ 22.900 $ 23, 100 $ 22,000 $ 11,000 $ 15.300 2.900 o und Usina least squares regression, estimate the variable cost per rental retum and the monthly fixed cost incurred to wash C Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal ances Fixed cost per month Variable cost per rental return
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