Cost Accounting 1 Exam phase 2 pre exam questions. Please help!

Cost Accounting I Practice Set Exam Phase #2 Points: 50 Due Date: At the start of Week 9, March 7, 2016 8:00 am Please read all of the instructions carefully before completing the exam. Part 1: The sales manager of Jorgensen Sales is considering expanding sales by producing three different versions of their product. Each will be targeted by the marketing department to different income levels and will be produced from three different qualities of materials. After reviewing the sales forecasts, the sales department feels that 70% of units sold will be the original product, 20% will be new model #1 and the remainder will be new model #2. The following information has been assembled by the sales department and the production department. The fixed costs associated with the manufacture of these three products are $250,000 per year. Required: (a) Determine the number of units of each product that would be sold at the breakeven point. (b) Determine the breakeven point if the sales estimates are instead 50% original product, 30% model #1 and the remainder model #2. Part 2: Cameron Company is interested in establishing the relationship between utility costs and machine hours. Data has been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Required: a. Using Excel, perform a regression analysis on the above data and generate a summary output. (Follow the instructions in your text book on pages 181185). b. What is the equation for utility costs using the regression analysis? c. Prepare an estimate of utility costs for a month when 3,000 machine hours are worked. Submission Method: Please email your Excel and/or Word file to emoney@dtcc.edu. Name the file Phase2firstnamelastname.xls. For example: Phase2EvelynMoney.xls