Homework Answers
1. Total cost of receiving = 169,900 +320X
2. Independent variable - Number of parts inspected
Dependent variable - Total cost of receiving
Variable rate per professional hour - $320 per part inspected
Fixed cost per month - $169,900
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Mand a mentelectoramento The method of a squares was to develop a contation to predict the cost of datapos from man...
Method of Least Squares, Developing and Using the Cost Formula The method of least squares was...
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 205,400 Slope 405 The cost driver used was number of parts inspected. Required: 1. What is the cost formula? Total cost of receiving = $ + (...
Please show work Method of Least Squares, Developing and Using the Cost Formula The method of...
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 =...
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Method of Least Squares, Budgeted Time Period Is Different from Time Period Used to Generate Results...
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The following information was taken from a computer printout generated with the least-squares method for use...
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Required 2: Develop a formula to express the cost behavior exhibited by the company’s maintenance cost....
Required 2: Develop a formula to express the cost
behavior exhibited by the company’s maintenance cost. (Round
"Variable cost per tour mile" to 3 decimal places.)
Maintenance cost per month =
real
+
real X
Required 3: Predict the level of maintenance cost that
would be incurred during a month when 45,000 tour miles are
driven.
Maintenance cost =
real
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis Brazil's national...
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PLEASE DO ALL PARTS
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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, Evaluation of Cost Equation Lassiter Company used the method of least squares to develop a cost equation to predict the cost of moving materials. There were 80 data points ft the regression, and the following computer output was generated: Intercept $19,050 Slope Coefficient of correlation 0.91 Standard error $220 The activity driver used was the number of moves. Required: 1. What is the cost formula? 2. Using the cost formula, predict the cost of moving materials...
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...
Required 2: Develop a formula to express the cost
behavior exhibited by the company’s maintenance cost. (Round
"Variable cost per tour mile" to 3 decimal places.)
Maintenance cost per month =
real
+
real X
Required 3: Predict the level of maintenance cost that
would be incurred during a month when 45,000 tour miles are
driven.
Maintenance cost =
real
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The realis Brazil's national...
13.76 You want to develop a model to predict the selling price of homes based on assessed value. A sample of 30 recently sold single-family houses in a small city is selected to study the relationship between selling price (in thousands of dollars) and assessed value (in thousands of dollars). The houses in the city were reassessed at full value one year prior to the study. The results are in House 1. (Hint: First, determine which are the independent and...
PLEASE DO ALL PARTS
E6-34A (similar to) Question Help Tran Company, which uses the high-low method to analyze cost behavior, has determined that machine hour best predict the coa s tal cost the many cost and machine hour data for the month of the year Click the icon to view the data) Requirements Using the high-ow method answer the following questions: 1. What is the variables cost per machine hour 2. What is the cost of its each mo? 3....
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost / Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Total operating cost . Total variable cost = Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. (Round the...
The method of least squares Select one: a. analyzes a cost relationship by plotting the data points on a graph. is the least accurate method. C. can easily be calculated by hand. uses the results of regression analysis to construct a cost formula. Figure 3-2 Lassiter Toys, Inc. Cost of Materials $20,000 00,000 200,000 300,000 40,000 60,000 Refer to Figure 3-2. The cost behavior of the materials cost is Select one: a. variable b. discretionary C. committed d. fixed Managerial...
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