Using Multiple Regression Results to Construct and Apply a Cost Formula information to the data on purchasing cost and total number of purchase orders.Purchasing CostNumber of Purchase OrdersNumber of Nonstandard Orders Multiple regression was run on the above data; the coefficients shown by the regression program are: Required: $1.$ Construct the cost formula for the purchasing activity showing the fixed cost and the variable rate. $\backslash (\backslash$checkmark $\backslash$quad$+(\backslash$$ $\backslash )\backslash (\backslash$checkmark $\backslash$times $\backslash )$ Purchase orders $\backslash ()\backslash$quad$+(\backslash$$ $\backslash )\backslash (\backslash$checkmark $\backslash$times $\backslash )$ Nonstandard orders$)3.$ What if McGarvey Manufacturing wants to estimate purchasing cost for the coming year and expects $6,030$ purchase orders and $580$ nonstandard orders? What will estimated total purchasing cost be$?($Round your answer to the nearest dollar.$)$ What is the total fixed purchasing cost?