Question: Using regression output, with Revenue being the independent variable and Segment Profit being the dependent variable, develop TWO flexible budget formulas that can be used

Using regression output, with Revenue being the independent variable and Segment Profit
being the dependent variable, develop TWO flexible budget formulas that can be used to
estimate:
(i) Total Expenses and
(ii) Segment Profit
Please use accounting terminology when applying it to the regression coefficients for both
the above formulas. (Written answer show evidence)

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