Question: Data for Ivanhoe Corporation's maintenance costs is shown below. July August September October November December Units Produced 15,480 27.520 30,960 18.920 34,400 32,680 Total Cost

Data for Ivanhoe Corporation's maintenance costs is shown below. July August September October November December Units Produced 15,480 27.520 30,960 18.920 34,400 32,680 Total Cost $27.520 41.280 47,300 32,680 56,846 53,320 Compute the variable and fixed cost elements using the regression analysis. Present your solution in the form of a cost equation (We recommend that you use the Intercept and Slope functions in Excel) (Round intercept to 2 decimal places eg. 1.25 and slope to 5 decimal places c.g. 1.25125.) Intercept $ Slope $ The cost equation is: 5 -$ per unit produced - Total cost

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