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Also type down the fomula you use to get tha answer and how you input it. please if you can't answer it please don't do
Also type down the fomula you use to get tha answer and how you input it. please
if you can't answer it please don't do it
! Required information The Hard Rock Mining Company is developing cost formulas for management planning and decision-making purposes. The company's cost analyst has concluded that utilities cost is a mixed cost, and he is attempting to find a base that correlates with the cost. The controller has suggested that tons mined might be a good base to use in developing a cost formula. The production superintendent disagrees; she thinks that direct labor-hours would be a better base. The cost analyst has decided to try both bases and has assembled the following information: Direct Utilities Cost Quarter Tons Mined Labor-Hours Year 1: 34,000 6,900 $ 69,000 21,000 4,900 $ 64,000 First Second Third Fourth Year 2: 39,000 $ 79,000 5,900 7,900 31,000 $ 94,000 37,000 13,800 $119,000 $124,000 14,700 First Second Third Fourth 44,000 49,000 47,000 $104,000 11,800 14,800 $139,000 2. Using the least-squares regression method, estimate the variable utilities cost per direct labor-hour and the total fixed utilities cost per quarter. Express these estimates in the form Y = a + bx. (Round the Variable cost to 2 decimal places and Fixed Cost to the nearest whole dollar amount.) Y= ! Required information The Hard Rock Mining Company is developing cost formulas for management planning and decision-making purposes. The company's cost analyst has concluded that utilities cost is a mixed cost, and he is attempting to find a base that correlates with the cost. The controller has suggested that tons mined might be a good base to use in developing a cost formula. The production superintendent disagrees; she thinks that direct labor-hours would be a better base. The cost analyst has decided to try both bases and has assembled the following information: Direct Utilities Cost Quarter Tons Mined Labor-Hours Year 1: 34,000 6,900 $ 69,000 21,000 4,900 $ 64,000 First Second Third Fourth Year 2: 39,000 $ 79,000 5,900 7,900 31,000 $ 94,000 37,000 13,800 $119,000 $124,000 14,700 First Second Third Fourth 44,000 49,000 47,000 $104,000 11,800 14,800 $139,000 2. Using the least-squares regression method, estimate the variable utilities cost per direct labor-hour and the total fixed utilities cost per quarter. Express these estimates in the form Y = a + bx. (Round the Variable cost to 2 decimal places and Fixed Cost to the nearest whole dollar amount.) Y=Step by Step Solution
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