Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) ( LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varles. The utillty costs for one of the company's stores are listed below for the past six months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utillty costs. Express the cost behavior in formula form ( Y=a +bX) 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utillty cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. During July, the store will be open 300 hours. Predict the store's total utility cost for July using each of the cost-estimation methods employed in requirements (1) and (3). (Do not round intermediate calculations. Round the intercept to the nearest whole number and the slope to two decimal places.) Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varles. The utllity costs for one of the company's stores are listed below for the past six months. Required: 1-a. Use the high-low method to estimate the cost behavior for the store's utillty costs. Express the cost behavior in formula form ( Y=a +bX ). 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utility cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. What is the variable utility cost per hour of operation? (Do not round intermediate calculations. Round the intercept to the nearest whole number and the slope to two decimal places.) Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourlst trade in the community varles. The utillty costs for one of the company's stores are listed below for the past six months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utllty costs. Express the cost behavior in formula form ( Y=a +bX ). 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utillty cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. (Do not round intermediate calculations. Round the intercept to the nearest whole number and the slope to two decimal places.) Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourlst trade In the community varles. The utllity costs for one of the company's stores are listed below for the past slx months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utillty costs. Express the cost behavlor in formula form ( Y=a +bX. 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utillty cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. What is the variable utility cost per hour of operation? Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourlst trade in the community varles. The utillty costs for one of the company's stores are listed below for the past six months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utllty costs. Express the cost behavior in formula form ( Y=a +bX ). 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utillty cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. (Do not round intermediate calculations. Round the intercept to the nearest whole number and the slope to two decimal places.) Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourlst trade In the community varles. The utllity costs for one of the company's stores are listed below for the past slx months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utillty costs. Express the cost behavlor in formula form ( Y=a +bX. 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utillty cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. What is the variable utility cost per hour of operation? Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenlence grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourlst trade in the community varles. The utillty costs for one of the company's stores are listed below for the past six months. Required: 1-a. Use the high-low method to estimate the cost behavlor for the store's utility costs. Express the cost behavior in formula form ( Y=a +bX) 1-b. What is the varlable utility cost per hour of operation? 3-a. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the cost behavior for the store's utility cost. Express the cost behavior in formula form. 3-b. What is the varlable utility cost per hour of operation? 4. During July, the store will be open 300 hours. Predict the store's total utility cost for July using each of the cost-estimation methods employed in requirements (1) and (3). Complete this question by entering your answers in the tabs below. Use the high-low method to estimate the cost behavior for the store's utility costs. Express the cost behavior in formula form (Y=a+bX)