Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations 0.9721 0.9450

Sage, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R R Square Observations 0.9721 0.9450 20 Intercept Production (X) Coefficients 21,524 4.26 a. What is Sage's total fixed cost? Total Fixed Costs Standard Error T Stat P-Value 7,753 0.6655 2.78 6.40 0.012 0.000 b. What is Sage's variable cost per unit? (Round your answer to 2 decimal places.) Variable Costs Per Unit c. What total cost would Sage predict for a month in which they sold 14,000 units? (Round your intermediate calculations to 2 decimal places.) Total Costs

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

Simplifying Finance And Accounting Function

Authors: Mr. Dauji Gupta

1st Edition

9353467276, 978-9353467272

More Books

Students also viewed these Accounting questions