Cost accountants often estimate overhead based on the level of production. At the XYZ Company, they have collected information on overhead expenses and units produced at different plants and want to...

Cost accountants often estimate overhead based on the level of production. At the XYZ Company, they have collected information on overhead expenses and units produced at different plants and want to estimate a regression equation to predict future overhead. The data is available as given in the table below.

Develop the regression equation for the cost accountants using Least Square Method.

Predict overhead when 50 units are produced.