Homework: ADMN3121 - Lab #01 (Fall20) Save Score: 0 of 15 pts 5 of 5 (1 complete) HW Score: 2.94%, 2 of 68 p Exercise 10-22 (similar to) Question Help Bailey Nickles, managing director of the Winnipeg Consulting Group, is examining how overhead costs behave with changes in monthly professional labour hours billed to clients. Assume the following historical data: (Click the icon to view the data.) Required Requirement 1. Compute the linear cost function, relating total overhead cost to professional labour hours, using the representative observations of 5,000 and 8,000 hours. Plot the linear cost function. Does the constant component of the cost function represent the fixed overhead costs of the Winnipeg Consulting Group? Why? Select the labels for the cost function using the representative observations of 5,000 and 8,000 hours. ng $43 $63 $69 $80 $148.000 $170,000 Choose from al $180.000 ist and then click Check Answer. Check Answer 5 Clear All parts remaining 5 of 5 (1 complete) nipeg Comellina Croun is avaminina bow.chead.cocte babaw with changes in ical d i Historical data Total Professional Labour-Hours Function he con epresenta ts of the Billed to Clients ng the re Overhead Costs $ 320,000 385.000 415.000 457,000 514,000 567.000 4,000 5,000 6,000 7,000 8,000 9.000 Print Done then click Clear All Accounting: A Managerial Emphasis, Eighth Canadian Edition Rights Reserved DLL Homework: ADMN3121 - Lab #01 (Fall20) Save Score: 0 of 15 pts 5 of 5 (1 complete) HW Score: 2.94%, 2 of 68 p Exercise 10-22 (similar to) Question Help Bailey Nickles, managing director of the Winnipeg Consulting Group, is examining how overhead costs behave with changes in monthly professional labour hours billed to clients. Assume the following historical data: (Click the icon to view the data.) Required Requirement 1. Compute the linear cost function, relating total overhead cost to professional labour hours, using the representative observations of 5,000 and 8,000 hours. Plot the linear cost function. Does the constant component of the cost function represent the fixed overhead costs of the Winnipeg Consulting Group? Why? Select the labels for the cost function using the representative observations of 5,000 and 8,000 hours. ng $43 $63 $69 $80 $148.000 $170,000 Choose from al $180.000 ist and then click Check Answer. Check Answer 5 Clear All parts remaining 5 of 5 (1 complete) nipeg Comellina Croun is avaminina bow.chead.cocte babaw with changes in ical d i Historical data Total Professional Labour-Hours Function he con epresenta ts of the Billed to Clients ng the re Overhead Costs $ 320,000 385.000 415.000 457,000 514,000 567.000 4,000 5,000 6,000 7,000 8,000 9.000 Print Done then click Clear All Accounting: A Managerial Emphasis, Eighth Canadian Edition Rights Reserved DLL
