{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T00:09:18-04:00", "answer_date": "2024-05-27 00:09:18", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1767554", "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1767554", "question_creation_date_js": "2024-05-27T00:09:18-04:00", "question_creation_date": "May 27, 2024 12:09 AM", "meta_title": "[Solved] Required information [The following infor | SolutionInn", "meta_description": "Answer of - Required information [The following information applies to the questions displayed below.] Bargain Rental Car offers r | SolutionInn", "meta_keywords": "required,information,applies,questions,displayed,below,bargain,rental,car,offers,cars,-airport", "question_title_h1": " Required information [The following information applies to the questions displayed below.] Bargain Rental Car offers rental cars in an off-airport location near a major", "question_title": " Required information [The following information applies to the questions displayed below.]", "question_title_for_js_snippet": "Required information The following information applies to the questions displayed below Bargain Rental Car offers rental cars in an off airport location near a major tourist destination in California Management would like to better understand the variable and fixed portions of its car washing costs The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer Management believes that the variable portion of its car washing costs relates to the number of rental returns Accordingly, the following data have been compiled Month Rental Returns Car Wash Costs January 2,400 $ 11,100 February 2,500 $ 13,200 March 2,700 $ 11,900 April 3,000 $ 14,400 May 3,600 $ 16,300 June 5,100 $ 23,500 July 5,500 $ 22,300 August 5,500 $ 22,400 September 4,700 $ 22,900 October 4,000 $ 21,400 November 2,200 $ 10,800 December 2,800 $ 14,600 2 Using least squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places ) Fixed cost per month Variable cost per rental return", "question_description": "\"image", "transcribed_text": "Required information [The following information applies to the questions displayed below.] Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled: Month Rental Returns Car Wash Costs January 2,400 $ 11,100 February 2,500 $ 13,200 March 2,700 $ 11,900 April 3,000 $ 14,400 May 3,600 $ 16,300 June 5,100 $ 23,500 July 5,500 $ 22,300 August 5,500 $ 22,400 September 4,700 $ 22,900 October 4,000 $ 21,400 November 2,200 $ 10,800 December 2,800 $ 14,600 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) Fixed cost per month Variable cost per rental return", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470374948, 470423684, 470374942, 978-0470423684", "edition": "13th Edition", "authors": "Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/11.jpg", "uri": "\/textbooks\/intermediate-accounting-13th-edition-470423684", "see_more_uri": "" }, "free_related_book": { "isbn": "B096TRWR9H", "uri": "\/textbooks\/creative-math-practice-workbook-6th-grade-1st-edition-9798517248022-139586", "name": "Creative Math Practice Workbook 6th Grade", "edition": "1st Edition" }, "question_posted": "2024-05-27 00:09:18", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/which-type-of-organizational-model-put-the-most-emphasis-on-634690", "description": "Which type of Organizational Model put the MOST emphasis on establishing MORALE and AUTONOMY O a. Hierarchical style Model b. O c. O d. Flat Management (Holocracy) Model Multi-divisional style Model...", "stars": 3 }, { "url": "\/if-you-are-not-familiar-with-pricelinecom-inc-go-to-192889", "description": "If you are not familiar with Priceline.com Inc., go to its Web site. Assume that an individual names a price of $90 on Priceline.com for a room in Miami, Florida, on September 3. Assume that...", "stars": 3.5 }, { "url": "\/study-help\/statistical-techniques-in-business-\/exercise412atlevel-005-1839926", "description": "Exercise4.12atlevel = 0.05.", "stars": 3.5 }, { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/when-and-where-did-financial-counseling-develop-as-a-field-1983782", "description": "When and where did financial counseling develop as a field of study and practice?", "stars": 3.5 }, { "url": "\/the-trial-balance-columns-of-the-worksheet-using-a-perpetual-256257", "description": "The trial balance columns of the worksheet using a perpetual inventory system for Balistreri Company at June 30, 2017, are as follows. BALISTRERI COMPANY Worksheet For the Month Ended June 30, 2017...", "stars": 3 }, { "url": "\/study-help\/questions\/this-software-is-referred-to-as-and-it-is-used-9893527", "description": "This software is referred to as and it is used by laser printers to regulate page layout and appearance. Select one: a . PDF b . page resolution c . feathering d . page description language", "stars": 3 }, { "url": "\/study-help\/questions\/sandhill-co-incurred-the-following-costs-during-2018-significant-modification-9213326", "description": "Sandhill Co. incurred the following costs during 2018: Significant modification to the formulation of a chemical product $156000 Trouble-shooting in connection with breakdowns during commercial...", "stars": 3 }, { "url": "\/study-help\/questions\/a-carnot-heat-engine-is-connected-to-a-heat-pump-1024176", "description": "A Carnot heat engine is connected to a heat pump as shown in the figure. Based on the information given on the figure, determine the total rate of heat rejection to the ambient at 40C. 550C 600...", "stars": 3 }, { "url": "\/study-help\/questions\/1839-physical-units-inspection-at-various-levels-of-completion-weightedaverage-1008411", "description": "18-39 Physical units, inspection at various levels of completion, weighted-average process costing. SunEnergy produces solar panels. A key step in the conversion of raw silicon to a completed solar...", "stars": 3 }, { "url": "\/study-help\/questions\/describe-platform-marketing-in-your-description-be-sure-to-include-1000332", "description": "Describe Platform Marketing. In your description, be sure to include the central role of the customer in this approach to marketing. To implement Platform Marketing we need to to understand what...", "stars": 3 }, { "url": "\/study-help\/questions\/287-a-mass-m-is-attached-at-the-end-of-1024188", "description": "2.87 A mass m is attached at the end of a bar of negligible mass and is made to vibrate in three different configurations, as indicated in Fig. 2.97 . Find the configuration corresponding to the...", "stars": 3 }, { "url": "\/study-help\/questions\/persuading-university-students-to-start-a-saving-account-1assume-the-1002108", "description": "Persuading University Students to Start a Saving Account 1-Assume the role of a banker, create a message that targets university students and persuades them to start a retirement account. (2 Marks)...", "stars": 3 }, { "url": "\/study-help\/questions\/last-month-annies-homemade-sold-5000-servings-of-ice-cream-8385189", "description": "Last month Annie's Homemade sold 5,000 servings of ice cream for $5.00 each. Its variable cost is $1.25 per serving and its total fixed costs were $11,000. Required: Calculate the change in next...", "stars": 3 }, { "url": "\/study-help\/management-information-systems\/what-are-some-of-the-various-ways-to-implement-an", "description": "What are some of the various ways to implement an awareness program?", "stars": 3 }, { "url": "\/study-help\/international-business\/what-challenges-can-barrett-expect-in-its-export-drive-what-1677247", "description": "What challenges can Barrett expect in its export drive? What types of new capabilities does the firm need to acquire to manage its export transactions? LO.1", "stars": 3 }, { "url": "\/study-help\/international-business\/why-has-container-shipping-been-such-a-revolutionary-and-resilient-1677242", "description": "Why has container shipping been such a revolutionary and resilient phenomenon? LO.1", "stars": 3 }, { "url": "\/study-help\/international-business\/how-has-maersk-gained-a-competitive-edge-in-this-sector-1677243", "description": "How has Maersk gained a competitive edge in this sector, and what are the key threats it is likely to face over the short- to medium-term? LO.1", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/26-complete-the-following-calculation-if-joblo-inc-has-a-1767553", "next": "\/study-help\/questions\/a-manufacturing-concern-requires-a-statement-showing-the-result-of-1767555" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Required information [The following information applies to the questions displayed below.]", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1767554" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }t_id": "1" } }