Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that Cart's Steaming Fresh Pancake Rostaurant doen a regression analysis on the next year's data using Excel. The output generated by Excel is as

image text in transcribed
image text in transcribed
Assume that Cart's Steaming Fresh Pancake Rostaurant doen a regression analysis on the next year's data using Excel. The output generated by Excel is as follows (Click the icon to view the regression analysis.) Requirements 1. What is the fixed cost per month? 2. What is the variable cost per pancake? 3. If Carl's Steaming Fresh Pancake Restaurant serves 3.400 pancakes in a month, what would the company's total operating costs be? Requirement 1. What is the fixed cost per month? The fixed cost per month is - Requirement 2. What is the variable cost per pancake? The variable cost per pancake is $ Requirement 3. If Carls Steaming Fresh Pancake Restaurant serves 3.400 pancakes in a month, what would the company's total operating costs be? (Round your answer to the nearest cont.) If Cart's Steaming Fresh Pancake Restaurant serves 3,400 pancakes in a month, the company's total operating costs would be so Data Table 1 Regression Statistics Multiple R 0.56 R Square 0.31 Adjusted R Square 0.02 Standard Error 107.40 Observations 6 Anova df SS MS F Significance F 0.25 Regression 1 20542.55 20542.55 1.78 Residual 4 46140.78 11535.19 Total 5 66683.33 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% -130.18 3382.54 Lower 95.0% Upper 95.0% -130.18 3382.54 1626.18 632.59 2.57 0.06 Intercept X Variable 1 0.22 0.16 1.33 0.25 -0.24 0.67 -0.24 0.67 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Sustainability Of Public Sector EntitiesThe Relevance Of Accounting Frameworks

Authors: Josette Caruana, Isabel Brusca, Eugenio Caperchione, Sandra Cohen, Francesca Manes Rossi

1st Edition

3030060365, 9783030060367

More Books

Students also viewed these Accounting questions

Question

Understand the nature and importance of collective bargaining

Answered: 1 week ago