January 437 February 387 456 471 413 388 463 414 March April May June July August Units Inspection Produced Costs Management believes that inspection cost is a mixed cost that depends on units produced. Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to: Multiple Choice O $5,646 $5,708 $ 6,144 $ 5,646 $ 6,359 $ 6,497 $ 5,896 $ 5,649 $ 6,424 $ 5,909 $1,654

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Units Inspection
Costs
Produced
January
437
February 387
456
471
413
388
463
414
March
April
May
June
July
August
Multiple Choice
$5,646
Management believes that inspection cost is a mixed cost that depends on units produced.
Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to:
$5,708
$ 6,144
$ 5,646
$1,654
$ 6,359
$ 6,497
$ 5,896
$ 5,649
$ 6,424
$ 5,909
Transcribed Image Text:Units Inspection Costs Produced January 437 February 387 456 471 413 388 463 414 March April May June July August Multiple Choice $5,646 Management believes that inspection cost is a mixed cost that depends on units produced. Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to: $5,708 $ 6,144 $ 5,646 $1,654 $ 6,359 $ 6,497 $ 5,896 $ 5,649 $ 6,424 $ 5,909
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