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Perform a least-squares regression analysis on the data

Question - Using the data from table,

Month	Units	Total cost
April	8000	30400
May	6400	25800
June	3800	18300
July	5600	23200
August	7000	26000
September	8400	29800
October	7800	26500
November	6800	25700

1. Perform a least-squares regression analysis on the data using excel.

2. What is the total fixed cost?

3. What is the variable cost per unit?

4. What would total cost be for a month with 7500 units produced?

5. What proportion of variation in cost is explained by a variance in production?

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Accounting Basics: Perform a least-squares regression analysis on the data

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