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 convenience grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varies. The utility costs for one of the company's stores are listed below for the past six months. Total Utility Total Hours Month of Operation January 550 February 600 March 700 April 500 May 450 400 $1,620 1.700 1.900 1,600 1.350 1.300 Required: 1-a. 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 + DX 1-b. What is the variable 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 variable 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. Required: 1-a. 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). 1-b. What is the variable 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 variable 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. Reg 1A Reg 18 Reg 3A Reg 38 Req4 Use the high-low method to estimate the cost behavior for the store's utility costs. Express the cost behavior in formula form ( a + bx Monthly utility cost Res 18 > Required: 1-a. 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, 1-b. What is the variable 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 variable 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. Reg 1A Reg 1B Reg 3A Reg 38 Reg 4 What is the variable utility cost per hour of operation? Variable cost per hour Required: 1-a. Use the high-low method to estimate the cost behavior for the store's utility costs. Express the cost behavior in formula form (Y=3 + DX 1-b. What is the variable 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 variable 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. Red IA Reg 13 Reg 3A Reg 33 Reg 4 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. (Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar Monthly utility cost = CR 18 Rees Required: 1-a. 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 + X). 1-b. What is the variable 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 variable 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 Reg 1A Red RA Reg 3 What is the variable utility cost per hour of operation? (round you Variable utility cost por hour