Question
Question 2 options: Grawburg Inc. maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a
Question 2 options:
Grawburg Inc. maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a number of recent months are listed below:
Calls Taken | Call Center Cost | ||
April | 7560 | $ | 81,960 |
May | 7529 | $ | 81,773 |
June | 7570 | $ | 82,025 |
July | 7568 | $ | 81,997 |
August | 7535 | $ | 81,816 |
September | 7549 | $ | 81,895 |
October | 7592 | $ | 82,156 |
November | 7579 | $ | 82,092 |
Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken.
The excel least squares regression output is as follows:
Using the output above identify the following:
What is the "measure of goodness of fit"? (round to 2 decimal place) |
What is the variable cost per unit based on the regression equation? (round to 2 decimal place)
$
What is the fixed cost portion of Inspection Costs? (round to 2 decimal place)
$
Cost equation for Inspection Costs (in the linear equation format)
Y=
Estimated Inspection costs when 973 units are produced (round to nearest whole dollar)
$
35 a mixed cost that bebenos the number of calls taken: The excel least squares regression output is as follows SUMMARY OUTPUT Hersten Statistics Multiples 0.998198 B Square 0.996399 Adjunted RSquare 0995799 Standard Error 8.52932 Beservations ANOVA Megression Residual Total SS 1120783 6435.4958 71212195 MIS F orificance 320783 1060.284 1.46E-68 72.7493 Intercept X Variable 1 Coefficientandard Er I Stat P-value Lower 95 Upper tower Opper 95.00 35914.19 1130.169 31.77172 6.45E-08 33148.76 38679,61 39148.7 38673.63 6.091072 0.149488 40.71833 1.46E-9 9.729293 6.45656 5.725293 6.45686Step by Step Solution
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