Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local

image text in transcribed
image text in transcribed
Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity soronity apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue A portion of Lesie's operating information for the company's last year follows Number of Jerseys Printed 5,790 5,825 January 9,760 9,260 ,210 July 125 315 5,925 4,810 6,010 150 4,950 3. Using the high-low method, calculate the store's total fxed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your Variable Gost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number. ariable Cost per Jersey Fixed Cost 4 Using the high-low method results, cale late the store's expected operating oost if printed 480 jerseys Do not round your intermediate calculations. Round your answer to the nearest whole number.) Perform a least-squares regression analysis on Leslie's data (Use Microsoft Excel or a statistical package to find the coefficlents using least-squares regression. Round your answers to 2 decimal places-) Intercept 3,852.91 6. Using the regression output, create a snear equation -a bx) for estimating Leslie's operatrg costs. (Round your answers to 2 decimal places.) 385291 7.98 (Number of Jerseys) 7. Using the least-squares regression results. Calculate the store's opeted operating cost decimal places.) it prints 620 orseys Round your intermediate calculations to 2 deci al places. Round your final answer to 2

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

Step: 3

blur-text-image

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

Conflict Management And Negotiation Skills For Internal Auditors

Authors: Joan Pastor, PhD

1st Edition

0894136089, 978-0894136085

More Books

Students also viewed these Accounting questions