Required: 3. Using the high-low method, calculate the stores total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)

4. Using the high-low method results, calculate the stores expected operating cost if it printed 455 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number.)

5. Perform a least-squares regression analysis on Leslies data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.)

6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslies operating costs. (Round your answers to 2 decimal places.)

7. Using the least-squares regression results, calculate the stores expected operating cost if it prints 600 jerseys. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.)

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 June July August September October November December Number of Jerseys Printed 180 215 210 525 655 680 435 295 370 260 260 200 Operating Cost $4,885 5,870 5,650 8,655 9,260 9,755 6, 240 6,040 6,175 5,985 5,920 4,960 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)