PA5-2 (Algo) Estimating Cost Behavior Using Scattergraph, High-Low, and Least-Squares Regression Methods [LO 5-2,5-3,5-4] Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Month January February March April May Operating Cost $5,850 5,800 5,940 8,68 Number of Jerseys Printed 190 185 270 545 700 610 010 425 123 355 955 290 270 175 165 June July August September October November December 9,700 9,280 6,215 6,140 6,035 5,960 4,960 4,885 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 455 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y= a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 600 jerseys