Question: E5-12 (Algo) Estimating Cost Behavior Using Scattergraph, High-Low Method, and Least-Squares Regression [LO 5-2, 5-3, 5-4] [The following information applies to the questions displayed

E5-12 (Algo) Estimating Cost Behavior Using Scattergraph, High-Low Method, and Least-Squares Regression [LO 5-2, 5-3, 5-4] [The following information applies to the questions displayed below.] Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped and total shipping costs: Number of Units Total Shipping Cost Month Shipped January 30 $1,900 February 35 2,100 March 65 3,700 April 40 2,500 May 70 4,000 June 45 July 60 3,000 4,000 Part 2 Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. Using the regression output, create a linear equation (y = a + bx) for estimating Odessa's shipping costs.

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