The Shepherd Companys president would like to know the estimated fixed and variable components of a particular cost. Actual data for this cost for four recent periods appear below. Activity Cost Period 1 24 P174 179 Period 2 25 Reriod ? 20 165

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10. The Shepherd Company's president would like to know the estimated fixed and variable components of a particular
cost. Actual data for this cost for four recent periods appear below.
Activity
Cost
Period 1
24
P174
Period 2
25
179
Period 3
20
165
Period 4
22
169
Using the least-squares regression method, what is the cost formula for this cost?
Transcribed Image Text:10. The Shepherd Company's president would like to know the estimated fixed and variable components of a particular cost. Actual data for this cost for four recent periods appear below. Activity Cost Period 1 24 P174 Period 2 25 179 Period 3 20 165 Period 4 22 169 Using the least-squares regression method, what is the cost formula for this cost?
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