Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Roger, Inc. ran a least-squares regression analysis using excel, which resulted in the following output: Regression Statistics Multiple R 0.9740 R Square 0.9487 Observations 20

image text in transcribed
Roger, Inc. ran a least-squares regression analysis using excel, which resulted in the following output: Regression Statistics Multiple R 0.9740 R Square 0.9487 Observations 20 Intercept Production (X) Coefficients 22, 247 4.43 Standard Error 8,588 0.6611 T Stat 2.59 6.70 P-Value 0.018 0.000 a. What is Roger's total fixed cost? Total Fixed Costs b. What Is Roger's variable cost per unit? (Round your answer to 2 decimal places.) Vanable Costs Per Unit c. What total cost would Roger predict for a month in which they sold 10,000 units? (Round your intermediate calculations to 2 decimal places.) Total Coon

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

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions