Question: PLEASE PROVIDE SOLUTION 2. The following information was gathered by the managerial accountant to estimate the 2nd quarter's utility cost: Months Utility Cost Direct labor

PLEASE PROVIDE SOLUTION

2.

The following information was gathered by the managerial accountant to estimate the 2nd quarter's utility cost:

Months Utility Cost Direct labor hours
January 8,520 1809
February 7,628 1421
March 5,712 912
April 6,746 1102
Summation of X 5,244
Summation of Y 28,606
Summation of XY 38,895,504
Summation of X-squared 7,337,870

Using the regression analysis, what is the estimated cost-function for the 2nd quarter?

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