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Leslie Sporting Gocds ia a locally owned store that special izes in printing team jerseys. The majority of its business comes from orders for varicus
Leslie Sporting Gocds ia a locally owned store that special izes in printing team jerseys. The majority of its business comes from orders for varicus local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity, sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Number of Jeraeys Prinled Operaling Cost $5.835 5,685 5.930 8,575 770 260 6.230 6,175 6,005 5,960 4.950 1.800 January February March April May 195 230 675 July August 455 375 230 185 175 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.) Variable Cost per Jersey 9.94 Fixed Cost 3,061 4. Using the high-low method results, calculate the store's expected operating cost if it printed 450 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) 3,521 5. Perform a least-squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) x Variable 1 6. Using the regression output, create a linear equation ty a bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places. Number of I Cost - 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 640 jerseys. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.)
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