Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barium, Inc., ran a regression on the last 12 months data of selling expenses. The selling expenses vary according to the number of orders placed

Barium, Inc., ran a regression on the last 12 months data of selling expenses. The selling expenses vary according to the number of orders placed by customers. Following data is available after regression analysis of selling expenses: Intercept $2,842 (rounded to the nearest dollar) X variable 1 5.68 (rounded to the nearest cent) Barium wants to estimate the selling cost for the coming year and expects 4,800 customer orders. Determine the estimated total selling costs for the coming year. (Round your answer to the nearest whole number.) a. $70,802 b. $61,368 c. $34,104 d. $45,946

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 Accounting A Global Perspective

Authors: Rod Monger

1st Edition

0470518405, 978-0470518403

More Books

Students also viewed these Accounting questions