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 Leslies prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the companys biggest source of revenue.
A portion of Leslies operating information for the companys last year follows:
Number of
Operating
Month
Jerseys Printed
Cost
January
150
$4,880
February
195
5,865
March
175
5,765
April
525
8,595
May
655
9,230
June
720
9,725
July
420
6,225
August
295
6,010
September
355
6,125
October
255
5,975
November
250
5,935
December
165
4,925
Required:
3. Using the high-low method, calculate the stores total fixed operating costs and variable operating cost per jersey.
4. Using the high-low method results, calculate the stores expected operating cost if it printed 475 jerseys.
5. Perform a least-squares regression analysis on Leslies data.
6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslies operating costs.
7. Using the least-squares regression results, calculate the stores expected operating cost if it prints 650 jerseys.
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SULYE VW: Month January February March April May Number of Jerseys Printed 150 195 175 525 655 720 420 295 355 255 250 165 June July August September October November December Operating Cost $4,880 5,865 5,765 8,595 9,230 9,725 6,225 6,010 6,125 5,975 5,935 4,925 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per Jersey 4. Using the high-low method results, calculate the store's expected operating cost if It printed 475 jerseys 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 650 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 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 Fixed Cost Recure Required 4 > USC crury HULIUS II MIELU Cui TUTTO Number of Month Jarneyo Printed January 150 Yebruary 195 March 175 April 525 May 655 720 July 420 August 295 September 355 October 255 November 250 December 165 June Operating Cont $4,880 5,865 5,765 8,595 9,230 9,725 6,225 6,010 6,125 5,975 5,935 4,925 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y = a + bx) for estimating Lesile's operating costs. 7. Using the least squares regression results, calculate the store's expected operating cost if it prints 650 jerseys Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 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.) Total Coul HUY HOUVEM COSTUL CUVIUS Number of Month Jerseys Printed January 150 February 195 March 175 April 525 May 655 720 July 420 August 295 September 355 October 255 November 250 December 165 June Operating Cost $4,880 5,865 5,765 8,595 9,230 9,725 6,225 6,010 6,125 5,975 5,935 4,925 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 650 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 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.) Coofficlants Intercept X Variable 1 1 : Month January February March April May June July August September October November December Number of Jerseys Printed 150 195 175 525 655 720 420 295 355 255 250 165 Operating Cost $4,880 5,865 5,765 8,595 9,230 9,725 6,225 6,010 6,125 5,975 5,935 4,925 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. 5. Perform a least-squares regression analysis on Leslie's data. 6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 650 jerseys. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Required 6 Required 7 Using the least-squares regression results, calculate the store's expected operating cost if it prints 650 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost
