An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation. Production Volume (units) Total Cost ($) 400 3,900 450 4,900 550 5,300 600 5,800 700 6,300 750 6,900 Compute b1 and b0 (to 1 decimal). b1 b0 Complete the estimated regression equation (to 1 decimal).