Question: Exam - Chaps 1, 5 8 6 1 Saved Help Save & Exit Assume that a company wants to separate a mixed cost into its

Exam - Chaps 1, 5 8 6 1 Saved Help Save & Exit Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information: Week Units Produced Mixed Cost 1 12, 000 $ 35, 300 2 13 , 500 $ 39, 500 3 14, 000 $ 41, 100 4 13, 700 $ 39,620 UT 11, 500 $ 34, 400 6 10, 100 $ 32, 050 10 , 800 $ 32,380 8 14, 400 $ 41, 890 9 11, 200 $ 34, 200 10 13, 200 $ 39, 150 Assuming the company produces 14,210 units in Week 11, using least-squares regression, the estimated total amount of the mixed cost would be closest to which of the following? (Note: Round your estimate of the variable cost per unit to the nearest penny) Multiple Choice
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