Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Lacourse Inc.'s inspection costs are listed below: 3 Units Produced January 423 February 373 March 442 April 457 May 399 June 374 July 449 August

Lacourse Inc.'s inspection costs are listed below: 3 Units Produced January 423 February 373 March 442 April 457 May 399 June 374 July 449 August 400 Inspection costs $ 6,116 $ 5,632 $ 6,331 $ 6,469 $ 5,882 $ 5,635 $ 6,396 $ 5,895 20:35:27 Management believes that inspection cost is a mixed cost that depends on units produced. Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

One important way in which a teacher can motivate students is to show an interest in their lives. All but which one of the following are appropriate motivational strategies that demonstrate an...

Answered: 1 week ago

Question

★★★★★

After operating for several months, architect Zach Talbot completed the following transactions during the latter part of October: Oct 15 Borrowed $64,000 from the bank, signing a note payable. 22...

Answered: 1 week ago

Question

★★★★★

Accounts Receivable Subsidiary Ledger The revenue journal and cash receipts journal for Birmingham Productions Inc. follow. The accounts receivable control account has a January 1, 20Y4, balance of...

Answered: 1 week ago

Question

★★★★★

The goal of my training program is to aim to improve the skills and knowledge of customer service representatives in order to provide high quality customer experiences and icrease customer...

Answered: 1 week ago

Question

★★★★★

The Covid-19 pandemic has forced many countries to partially shutdown their economies to prevent the spread of the virus. In response, many governments including Barbados have embarked on...

Answered: 1 week ago

Question

★★★★★

Total cash available $64.000 Less cash disbursements For inventory $47,850 For expenses 13,300 For equipment 1,500 Total cash disbursements 62,650 Excess (deficiency) of cash $1,350 Financing: Etc....

Answered: 1 week ago

Question

★★★★★

Review the annual reports of PepsiCo and Amazon, two of the largest publicly traded firms in America. Compute and compare the accounts receivable turnover ratios and the average collection period in...

Answered: 1 week ago

Question

★★★★★

a) Explain how changes in the film industry led to blockbuster movies becoming more limited creatively and oriented to making money [worth 5 marks] b) Then explain how changes in industry practices...

Answered: 1 week ago

Question

★★★★★

Nike not renewing franchise agreements in Russia Reporting by Reuters; Editing by Simon Cameron-Moore and Tomasz Janowski 25 May 2022, Reuters U.S. sportswear maker Nike has not renewed agreements...

Answered: 1 week ago

Previous Question Next Question