Homework Answers
Cost Formula =
Y= a+bx
a=Interecept (Fixed cost )
b= Varaible cost ( Slope)
Answers
1) Y= $ 19,050 + $12 X
2) Cost of Moving for 340 Moves = $19,050+(12*340) = 23,130 (Answer)
3) Variablity in Moving = 0.91^2 =82.81%(Answer)
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Please show work
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Mand a mentelectoramento The method of a squares was to develop a contation to predict the cost of datapos from many data for them . The was 19.900 Intercept Slove The cost e 320 mbert Reged 1. What is the cost formula? Tal costos 2. Using the cost formula from hout, and the cost per month t h e det Dependent variable All work wave
Please show work
Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation to predict the cost of receiving purchased parts at a video game manufacturer. Ninety-six data points from monthly data were used for the regression. The following computer output was received: Intercept 183,800 Slope 295 The cost driver used was number of parts inspected. Required: 1. What is the cost formula? Total cost of receiving =...
Method of Least Squares, Budgeted Time Period Is Different from Time Period Used to Generate Results The method of least squares was used to develop a cost equation to predict the cost of receiving purchased parts at a video game manufacturer. Ninety-six data points from monthly data were used for the regression. The following computer output was received: Intercept 147,400 Slope 210 The cost driver used was number of parts inspected. Required: 1. What is the cost formula for a...
we use the form y a + bx for the least-squares line. In some computer printouts, the least-squares equation is not given directly. Instead, the value of the constant a is given, and the coefficient b of the explanatory or predictor variable is displayed. Sometimes a is referred to as the constant, and sometimes as the intercept. Data from a report showed the following relationship between elevation (in thousands of feet) and average number of frost-free days per year in...
High-Low Method, Method of Least Squares, Correlation Big Mike's, a large hardware store, has gathered data on its overhead activities and associated costs for the past 10 months. Nizam Sanjay, a member of the controller's department, believes that overhead activities and costs should be classified into groups that have the same driver. He has decided that unloading incoming goods, counting goods, and inspecting goods can be grouped together as a more general receiving activity, since these three activities are all...
Mand a mentelectoramento The method of a squares was to develop a contation to predict the cost of datapos from many data for them . The was 19.900 Intercept Slove The cost e 320 mbert Reged 1. What is the cost formula? Tal costos 2. Using the cost formula from hout, and the cost per month t h e det Dependent variable All work wave
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