Assume that Rick's Golden Pancake Restaurant does a regression analysis on the next year's data using Excel.

Question:

Assume that Rick's Golden Pancake Restaurant does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows:
Assume that Rick's Golden Pancake Restaurant does a regression analysis

Requirements
1. What is the fixed cost per month?
2. What is the variable cost per pancake?
3. If Rick's Golden Pancake Restaurant serves 3,800 pancakes in a month, what would the company's total operating costs be?

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Managerial Accounting

ISBN: 978-0132890540

3rd edition

Authors: Karen W. Braun, Wendy M. Tietz

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