Homework Answers
Answer : C) $ 5,964.03
Total cost = intercept +( X-Variable *Machine Hours )
MAchine hours = 4200
Total cost =$2945.94652+(0.7186*4200) = $ 5,964.03
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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential...
Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential...
Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): (Click the icon to view the portion of the regression analysis.) What is the variable cost per unit answers are rounded)? O A. $2,946 O B. $.98 OC. $.05 OD. $.72 Data Table SUMMARY OUTPUT Regression Statistics Multiple...
Question 3: Jim's Lumber wanted to determine the relationship between its monthly operating costs and a...
Question 3: Jim's Lumber wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis performed using Microsoft Excel showed the following information: 0.92 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 148,38 ANOVA df F 52.06221 Significance F 0.0000 1 Regression Residual Total SSMS 573116.9 573117 110083.1 11008 683200 10 11 t Coefficients Standard Error 1263.34 806.85 0.26 0.05 Stat 1.57 Intercept X...
Rev Corporation wanted to determine the relationship between its monthly operating costs and a potential cost...
Rev Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): What is closest to the total cost if the firm uses 6,000 machine hours? Round intermediary calculato 2 decimal places $1.365.59 57.265.95 $6,538.90 $14.729,732.60
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and...
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses in total) Units produced during the year Units sold during year $8.10 $1.86 $4.95 $77,000 $85,000 520,000 170,000 Using variable costing, what is the contribution margin for last year? O...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,600 3,000 2,000 3,200 3,900 3,400 4,200 3,600 2,100 3,800 4,800 4,300 Electricity Costs $19, 250 $22,700 $14,350 $24,700 $29,100 $23,700 $25,600 $23,600 $17,200 $27,700 $32,700 $28,600 Summary Output Regression Statistics Multiple...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Machine Hours 2,500 2,900 1,900 3,100 3,800 Month January February March April May June July August September October November December 3,300 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500 $ 26,000 $ 31,000 $ 27,750...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month Machine Hours Electricity Costs January 3,000 $ 18,650 February 3,400 $ 21,500 March 2,400 $ 13,750 April 3,600 $ 23,500 May 4,300 $ 28,500 June 3,800 $ 22,500 July 4,600 $ 25,000 August 4,000 $ 23,000 September 2,500 $ 16,000 October 4,200 $ 26,500 November...
Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): (Click the icon to view the portion of the regression analysis.) What is the variable cost per unit answers are rounded)? O A. $2,946 O B. $.98 OC. $.05 OD. $.72 Data Table SUMMARY OUTPUT Regression Statistics Multiple...
Question 3: Jim's Lumber wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis performed using Microsoft Excel showed the following information: 0.92 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 148,38 ANOVA df F 52.06221 Significance F 0.0000 1 Regression Residual Total SSMS 573116.9 573117 110083.1 11008 683200 10 11 t Coefficients Standard Error 1263.34 806.85 0.26 0.05 Stat 1.57 Intercept X...
Rev Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here): What is closest to the total cost if the firm uses 6,000 machine hours? Round intermediary calculato 2 decimal places $1.365.59 57.265.95 $6,538.90 $14.729,732.60
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses in total) Units produced during the year Units sold during year $8.10 $1.86 $4.95 $77,000 $85,000 520,000 170,000 Using variable costing, what is the contribution margin for last year? O...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,600 3,000 2,000 3,200 3,900 3,400 4,200 3,600 2,100 3,800 4,800 4,300 Electricity Costs $19, 250 $22,700 $14,350 $24,700 $29,100 $23,700 $25,600 $23,600 $17,200 $27,700 $32,700 $28,600 Summary Output Regression Statistics Multiple...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Machine Hours 2,500 2,900 1,900 3,100 3,800 Month January February March April May June July August September October November December 3,300 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500 $ 26,000 $ 31,000 $ 27,750...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
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