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Question can you email the excel spreadsheet if not please send screen shots of each step Thanks Selecting a Basis for Predicting Shipping Expenses (Requires
Question can you email the excel spreadsheet if not please send screen shots of each step
Thanks
Selecting a Basis for Predicting Shipping Expenses (Requires Computer Spreadsheet*)Boom Company assembles and sells portable speaker systems throughout the Midwest. In an effort to improve the planning and control of shipping expenses, management is trying to determine which of three variablesunits shipped, weight shipped, or sales value of units shippedhas the closest relationship with shipping expenses. The following information is available
: MonthUnits ShippedWeight Shipped (lbs.)Sales Value of Units ShippedShipping Expenses
May.....................6,0009,300$200,000$ 8,960
June ....................10,00012,000220,00012,320
July.....................8,00012,150160,00010,400
August ..................14,00015,000228,00016,640
September ...............12,00010,500280,00013,760
October .................9,00012,000320,00013,120
Required a. With the aid of a spreadsheet program, determine whether units shipped, weight shipped, or sales value of units shipped has the closest relationship with shipping expenses. b. Using the independent variable that appears to have the closest relationship to shipping expenses, develop a cost-estimating equation for total monthly shipping expenses. c. Use the equation developed in requirement (b) to predict total shipping expenses in a month when 5,000 units, weighing 7,000 lbs., with a total sales value of $114,000 are shipped.
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