Question: Para Company developed a data set that contained a measure of total cost at various levels of activity. Para then used regression analysis to determine

Para Company developed a data set that contained a measure of total cost at various levels of activity. Para then used regression analysis to determine the intercept an slope of a line running through the data set. Based on this information, which of the following statements is true regarding the estimates related to the intercept and the slope.

Multiple Choice

The intercept represents the variable cost per unit and the slope represents the fixed cost per unit.

The intercept represents the total fixed cost and the slope represents the variable cost per unit.

The intercept represents the total variable cost and the slope represents the total fixed cost per unit.

The intercept represents the total variable cost and the slope represents the fixed cost per unit.

Para Company developed a data set that contained a measure of

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