Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color

image text in transcribedimage text in transcribed

Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R square Number of observations X coefficient 184.11587 0.966248 0.074943 The regression output was based on the following data: Number of Color Copies 19,500 18,300 24,800 23,700 22,350 18,650 Color Copy Month July August September October Costs $1,615 1,515 2,035 1.975 1,855 1,650 Required 1. What is the variable cost per color copy for TOSS? (Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6)) Answer is complete and correct. | per color copy (in cents 7.5 2. What is the fixed cost for the Color Copy Department? (Round your answer to 2 decimal places. Answer is complete and correct. $ ixed Cost 184.12 Month

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

33. If A is a symmetric matrix show that A

Answered: 1 week ago

Question

Connect with your audience

Answered: 1 week ago