Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

the below information shows the total cost recorded at different levels during the year, 100units is $40000, 400units is $65000, 200units is $45000, 700units is

the below information shows the total cost recorded at different levels during the year, 100units is $40000, 400units is $65000, 200units is $45000, 700units is $85000, 600units is $70000, 500units is $70000 and 300units is $50000, calculate regression line y = a + bx (10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding

3rd Edition

0415841097, 978-0415841092

More Books

Students also viewed these Accounting questions

Question

★★★★★

Which cost flow assumption generally results in the highest reported amount for ending inventory when inventory costs are rising? Explain.

Answered: 1 week ago

Question

★★★★★

=+46. Monthly gas prices, part 3. Using the data from Exercise

Answered: 1 week ago

Question

★★★★★

On January 1, 2014, Seven Wonders Inc. signed a five-year noncancelable lease with Moss Company. The lease calls for five payments of $277,409.44 to be made at the end of each year. The leased asset...

Answered: 1 week ago

Question

★★★★★

Ontario Pump Company, a small manufacturing company in Toronto, Ontario, manufactures three types of pumps used in a variety of applications. For many years the company has been profitable and has...

Answered: 1 week ago

Question

★★★★★

The XYZ Corporation employs salaried and hourly employees. It has no union employees. It maintains two qualified plans - a defined benefit plan for the salaried employees and a profit sharing plan...

Answered: 1 week ago

Question

★★★★★

Question 2 Alex is currently considering to invest his money in one of the companies between Company A and Company B. The summarized final accounts of the companies for their last completed financial...

Answered: 1 week ago

Question

★★★★★

Nuk Taku Co uses Job order Costing. The following Cost Apply to the company Operations Direct Materials Used 250,000 Direct Labor 300,000 Indirect Labor 6,000 Rent Factory 60,000 Building Indirect...

Answered: 1 week ago

Question

★★★★★

On January 22, Ireland Corporation issued for cash 33,000 shares of no-par common stock at $35. On February 14, Ireland issued at par value 4,000 shares of preferred 7% stock, $50 par for cash. On...

Answered: 1 week ago

Question

★★★★★

Problem 3 Complete the following perpetual inventory form. Perpetual Inventory Total Product Name: Purchase Unit Size: Carried Forward: Date In Out 1/7 3 Balance 1/9 2 1/10 1 1/12 5 1 1/15 2

Answered: 1 week ago

Question

★★★★★

Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders'...

Answered: 1 week ago

Question

★★★★★

Has our compensation committee thoroughly identified its duties and processes?

Answered: 1 week ago

Question

★★★★★

Is our compensation committee using the appropriate compensation advisors?

Answered: 1 week ago

Question

★★★★★

What compensation policies and practicessalary, incentive plans, and benefitswill help produce the employee behaviors we need to achieve our strategic aims?

Answered: 1 week ago

Previous Question Next Question