art 1 of 3 Required information Problem 6-42 Continuation of Preceding Problem; Computing Least-Squares Regression Estimates Comparing Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-6, 6-9) [The following information applies to the questions displayed below) 00:30:30 Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock Knight compiled the following data e look eferences Month January February March April Units of Activity (hundreds of pounds of equipment loaded or unloaded) 2,200 2,000 1,700 1,400 2,600 2,800 2,400 2,200 3,000 Material Handling Department costs $12,100 11,700 11,450 10,600 11,500 13,150 12,400 11,800 12,600 May June July August September August September October November December 2,200 3,000 1,500 1,000 1,800 11,800 12,600 11,250 11,750 11,750 Problem 6-42 Part 1 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least squares regression. Estimate the variable- and fixed-cost components in the company's material handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.) Fixed-cost component Variable-cost component art 1 of 3 Required information Problem 6-42 Continuation of Preceding Problem; Computing Least-Squares Regression Estimates Comparing Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-6, 6-9) [The following information applies to the questions displayed below) 00:30:30 Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock Knight compiled the following data e look eferences Month January February March April Units of Activity (hundreds of pounds of equipment loaded or unloaded) 2,200 2,000 1,700 1,400 2,600 2,800 2,400 2,200 3,000 Material Handling Department costs $12,100 11,700 11,450 10,600 11,500 13,150 12,400 11,800 12,600 May June July August September August September October November December 2,200 3,000 1,500 1,000 1,800 11,800 12,600 11,250 11,750 11,750 Problem 6-42 Part 1 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least squares regression. Estimate the variable- and fixed-cost components in the company's material handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.) Fixed-cost component Variable-cost component
