Question

Tony has the following data concerning the prior 12 months of operations:

Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,89

(1) determine if any data point could be interpreted as an outlier and use the high-low method to estimate the per-unit variable costs and total fixed costs for
the pizzeria and write the total cost equation.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Tony Highest Lowest Pizzas Prepared 7000 2586 4414 Total Cost 44564 30549 14015 Variable cost per unit = (Highest cost - Lowe

Add a comment
Know the answer?
Add Answer to:
Tony has the following data concerning the prior 12 months of operations: (1) determine if any data point could be inte...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Tony has the following data concerning the prior 12 months of operations: What is the cost...

    Tony has the following data concerning the prior 12 months of operations: What is the cost function equation obtained by running a least squares reqression analysis? If the cost function equation estimated by the high-low method: Y=22338+3.18x. Which estimation method (high-low vs. least squares) do you think provides the best fit? Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,897 44,564 30,549 2,586 March 3,000 34,536 April 3,492 May 3,718 June 4,010...

  • Tony Pena, owner, and mana ger of Tony’s Pizza. This is a small store that delivers...

    Tony Pena, owner, and mana ger of Tony’s Pizza. This is a small store that delivers 12-inch pep peroni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Tony Pena, owner and manager of Tony's Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Pizzas Prepared...

  • Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch...

    Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Tony Pena, owner and manager of Tony's Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Total Operating Costs $40,232...

  • Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch...

    Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Tony Pena, owner and manager of Tony's Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Total Operating Costs $40,232...

  • Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch...

    Tony Pena, owner and manager of Tony’s Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Tony Pena, owner and manager of Tony's Pizza. This is a small store that delivers 12-inch pepperoni pizzas for phoned-in orders. Each pizza sells for $10. Tony has the following data concerning the prior 12 months of operations: Total Operating Costs $40,232...

  • X is under product, variable, fixed, and mixed costs. It is Selling with S or Administrative...

    X is under product, variable, fixed, and mixed costs. It is Selling with S or Administrative with A. Each pizza sells for $10. Determine: The contribution margin per pizza; The breakeven sales level (in number of pizzas; The sales level (in number of pizzas) that will generate a profit of $9,000 for next November. Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,897 44,564 30,549 2,586 March 3,000 34,536 April 3,492 May...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT