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Thompson Enterprises Owns Two Luxury Automobiles That Are Used by Employees

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Thompson Enterprises owns two luxury automobiles that are used by employees on company business.Mileage and expenses,excluding depreciation,by quarters for the most recent year are presented below:

 Quarter  Mileage Expenses
 First  3,000  $ 550
 Second  3,500  560
 Third  2,000  600
 Fourth   3,500  $2,160
                12,000Required:Determine the variable cost per mile (nearest tenth of a cent)and the fixed costs per quarter,using the method of least squares.

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