Chapter 5 - Concepts Overview and Exercises 37 Required information Saved Help Save & Exit Submit Exercise 5A-2 (Algo) Least Squares Regression [LO5-11] Part 22 [The following information applies to the questions displayed below] T por 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 10 m Month Rental Returns Car Wash Costs January 2,500 $11,700 February 2,500 $ 13,500 March 2,000 $12,500 Print April 3,100 $ 15,300 May 3,700 $ 16,900 June 5,200 $ 24,700 July 5,600 $ 22,900 August 5,700 $ 23,900 September 4,000 $ 23,500 October 4,500 $ 23,200 November 2,300 $ 11,400 December 3,100 $ 16,700 Exercise 5A-2 Part 2 (Algo) 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Fixed cost per month Variable cost per rental return $ (1,900.00) Check my w