Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

San Francisco Construction manufactures construction paper for kids. The following shows the results from the regression analysis of date: Intercept Raquare Namber of observations x

image text in transcribed
San Francisco Construction manufactures construction paper for kids. The following shows the results from the regression analysis of date: Intercept Raquare Namber of observations x coefficient 111.168514 0.913755 5 0.077526 633 The regression output was based on the following data: Number of Pieces of Construction Company Month Paper Coat July 23,850 $1,925 August 19,600 1.585 September 23,750 1.925 October 23,350 1.965 November 20.750 1,770 December 22.500 1,070 Required: Calculate and find 1. The variable cost per piece of construction paper? 2. The fixed cost of the company? 3. The cost formula, based on the regression analysis? Enter answer as an equation in the form of y=a+bx 5.a. Use the high-low method to estimate the variable and fixed costs. 5-6. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y=a+bx 6. If 22,600 pieces are made during January, what is the total cost predicted by each method? Prey 1 of 1 !!! Next

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

Auditing and Assurance Services Understanding the Integrated Audit

Authors: Karen L. Hooks

1st edition

471726346, 978-0471726340

More Books

Students also viewed these Accounting questions

Question

What financial statements does FASB require NFPs to present?

Answered: 1 week ago

Question

Identify four main characteristics of successful entrepreneurs.

Answered: 1 week ago

Question

3. How can policymakers influence a nations saving rate?

Answered: 1 week ago