Using Regression Results to Construct and Apply a Cost Formula Dohini Manufacturing Company had the following...
Using Regression Results to Construct and Apply a Cost Formula Dohini Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Month Purchasing Cost Number of Purchase Orders January $18,860 370 February 18,065 330 March 19,250 370 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 August 20,940 560 September 19,430 440 October 20,020 500 November 18,800 470 December 19,340 480 The controller for Dohini Manufacturing ran regression on the...
Dohini Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Number of Purchasing Purchase Month Cost Orders January $18,860 370 February 18,040 330 March 19,250 370 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 August 20,920 570 September 19,430 440 October 20,020 500 November 18,800 470 December 19,340 480 Required: 1. Determine the high point and the low point. Month with high number of purchase orders Month with...
Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,100 360 February 8,140 550 March 9,899 630 April 9,787 600 May 8,490 480 June 7,450 350 July 9,490 570 August 7,531 310 Coefficients shown by a regression program for Pizza Vesuvio's data are: Intercept 4,562 X Variable 8.15 In your calculations, round...
Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June 7,450 350 July 9,490 570 August 7,531 310 Coefficients shown by a regression program for Pizza Vesuvio's data are: Intercept 4,452 X Variable 8.31 In your calculations, round...
Show Me How eBook Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were colle Month Calculator Labor Cost Employee Hours 360 550 630 610 480 350 570 310 $7,000 February March April May une 8,140 9,899 9,787 8,490 7,450 9,490 7,531 August Coefficients shown by a regression program for Pizza Vesuvio's data are: 4,517 X Variable 8.20 In your...
COLOR Video Calculator Print Item Using Regression to Calculate Fixed Cost Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 610 9,787 8.490 May 480 June 350 July 9.490 57 August 7,531 Coefficients shown by a regression program for Pizza Vesuvio's data are: Intercept 4,517 X Variable 8.20 Required:...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours 9,390 January 400 February 6,900 470 March 7,431 500 8,040 April 370 May 9,687 430 June 8,390 340 July 11,850 560 August 7,400 310 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Using High-Low to Calculate and cont Calculate the Variable Roster, and Construct a cost functie Piazza Vesuvio makes speciaky puzzas. Data for the past 3 months were collected: Month Labor Cost($) Employee Hours Lanuary 9.490 February 7,000 March 7,531 April May 9,787 June 8.490 July 11,820 August 7,500 300 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant In your calculations, round the variable rate per employee hour to the nearest...
The Mulvey Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost. C = $90,000 + $10M If: C = monthly manufacturing overhead cost M = machine hours The standard error of the estimate of the regression is $4,500. The standard time required to manufacture one six-unit case of Mulvey’s single product is 2 machine hours. Mulvey applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is...
1. Botana Company constructed the following formula for monthly utility cost. Total utility cost = $1,200 + ($8.10 × labor hours) Assume that 775 labor hours are budgeted for the month of April. Calculate the total variable utility cost for the month of April. Group of answer choices a. $1,200.00 b. $6,277.50 c. $7,477.50 d. $5,077.50 . 2. Marigold Company makes furniture. The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory. Data...