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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 170 215 195 January $4.805 5,840 5,770 9,800 6,240 6,005 August 270 185 5,905 5.930 4,950 November Required 3. Using the high-low method, calculate the store's total fixed operating costs and varlable 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 4. Using the high-low method results, calculate the store's expected operating cost if it printed 425 jerseys. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) 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.) Intercept
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