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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
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 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 Jerseys Printed 200 22D 535 675 630 43D Month Operating Cost $5,785 5,865 February March 9,725 9,275 6,245 May 250 175 320 260 195 5,940 4,880 October 5,980 4,930 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 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Cost 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.) Coefficients x Variable 1
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