{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:13:02-04:00", "answer_date": "2024-06-29 01:13:02", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4435972", "url": "\/study-help\/questions\/333333333333333-question-3-cost-behaviour-20-marks-susan-supplies-ltd-4435972", "question_creation_date_js": "2024-06-29T01:13:02-04:00", "question_creation_date": "Jun 29, 2024 01:13 AM", "meta_title": "[Solved] 333333333333333 Question 3 Cost Behaviour | SolutionInn", "meta_description": "Answer of - 333333333333333 Question 3 Cost Behaviour [20 Marks] Susan Supplies Ltd is a wholesaler for a large variety of plumbin | SolutionInn", "meta_keywords": "333333333333333,question,3,cost,behaviour,20,marks,susan,supplies,ltd,wholesaler,large", "question_title_h1": "333333333333333 Question 3 Cost Behaviour [20 Marks] Susan Supplies Ltd is a wholesaler for a large variety of plumbing supplies. The company's accountant, Moriss, has", "question_title": "333333333333333 Question 3 Cost Behaviour [20 Marks] Susan Supplies Ltd is a", "question_title_for_js_snippet": "333333333333333 Question 3 Cost Behaviour 20 Marks Susan Supplies Ltd is a wholesaler for a large variety of plumbing supplies The company's accountant, Moriss, has recently completed a cost study of the rm's Shipping Department in which he used the kilograms of supplies loaded or unloaded at the company's loading dock to quantify the department's activity Susan supplies compiled the following data Mgnth Kllggrams of supplies hi in gnloaded or loag Department ggsts January 3 800 $ 23 400 February 3 200 22 600 March 2 600 22 500 April 2 000 18 400 May 4 400 22 200 June 4 800 27 100 July 4 000 24 000 August 3 600 22 800 September 5 200 26 240 October 2 200 22 100 November 2 400 22 700 December 2 800 22 700 Required A Draw a scatter diagram of the cost data for the Shipping Department 2 Marks B Estimate the Shipping Department's cost behaviour using the highlow method Use an equation to express the results of this estimation method 5 Marks C Using the equations estimated in Part 2 predict the Shipping Department's costs for a month when loads totalling 5500 kilograms are moved 2 Marks D Prepare least squares regression analysis to estimate the variable and xed components for the Shipping Department costs 5 Marks E Based on your spreadsheet write the least squares regression equation for the Department's costs 2 Marks F Using the equation om Part E, predict the firm's Shipping Department's costs for a month when loads totalling 5500 kilograms are moved 2 Marks G Why do these cost predictions estimated using the highlow and regression methods differ Which method do you recommend Explain your answer 2 Marks ", "question_description": "

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\"image<\/div><\/div><\/div> Question 3 Cost Behaviour [20 Marks] Susan Supplies Ltd is a wholesaler for a large variety of plumbing supplies. The company's accountant, Moriss, has recently completed a cost study of the rm's Shipping Department in which he used the kilograms of supplies loaded or unloaded at the company's loading dock to quantify the department's activity. Susan supplies compiled the following data. Mgnth Kllggrams of supplies hi in gnloaded or loag Department ggsts January 3 800 $ 23 400 February 3 200 22 600 March 2 600 22 500 April 2 000 18 400 May 4 400 22 200 June 4 800 27 100 July 4 000 24 000 August 3 600 22 800 September 5 200 26 240 October 2 200 22 100 November 2 400 22 700 December 2 800 22 700 Required: A. Draw a scatter diagram of the cost data for the Shipping Department. [2 Marks] B. Estimate the Shipping Department's cost behaviour using the highlow method. Use an equation to express the results of this estimation method. [5 Marks] C. Using the equations estimated in Part 2 predict the Shipping Department's costs for a month when loads totalling 5500 kilograms are moved. [2 Marks] D. Prepare least squares regression analysis to estimate the variable and xed components for the Shipping Department costs. [5 Marks] E. Based on your spreadsheet write the least squares regression equation for the Department's costs. [2 Marks] F. Using the equation om Part E, predict the firm's Shipping Department's costs for a month when loads totalling 5500 kilograms are moved. [2 Marks] G. Why do these cost predictions estimated using the highlow and regression methods differ? Which method do you recommend? Explain your answer. [2 Marks]", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "0262561042", "uri": "\/textbooks\/fiscal-policies-and-growth-in-the-world-economy-3rd-edition-9780262561044", "name": "Fiscal Policies And Growth In The World Economy", "edition": "3rd Edition" }, "question_posted": "2024-06-29 01:13:02", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-production-supervisor-of-a-small-pharmaceutical-firm-has-observed", "description": "The production supervisor of a small pharmaceutical firm has observed a decreasing demand for potassium regurgitol (PRG) over a two-month period, and since the plant manager has been throwing up the...", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/satellites-are-launched-according-to-a-poisson-process-with-rate-1982915", "description": "Satellites are launched according to a Poisson process with rate . 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