Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

image text in transcribed

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 6.45686

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

Financial Sustainability Of Public Sector EntitiesThe Relevance Of Accounting Frameworks

Authors: Josette Caruana, Isabel Brusca, Eugenio Caperchione, Sandra Cohen, Francesca Manes Rossi

1st Edition

3030060365, 9783030060367

More Books

Students also viewed these Accounting questions