This is due by 11am on 03/29/2015, please inform me if you will be able to complete this in time? I have uploaded these questions in word document. Thanks,

https://www.coursehero.com/tutor-profile/rahuljain.exp/ You can also ask question by directly assigning it to me Cheers Rahul The management of Wheeler Company has decided to develop cost formulas for its major overhead activities. Wheeler uses a highly automated manufacturing process, and power costs are a significant manufacturing cost. Cost analysts have decided that power costs are mixed. The costs must be broken into their fixed and variable elements so that the cost behavior of the power usage activity can be properly described. Machine hours have been selected as the activity driver for power costs. The following data for the past eight quarters have been collected: Required: 1. Prepare a scattergraph by plotting power costs against machine hours. Does the scattergraph show a linear relationship between machine hours and power cost? Answer: Yes, or No 2. Using the high and low points (i.e., the high-low method), compute a power cost formula. (Note: Round variable rate to three decimal places.) Total power cost = $( hours ) ) +($ ) x Number of machine 3. Use the method of least squares to compute a power cost formula. Evaluate the coefficient of determination. $ Variable rate (to two decimal places) $ per machine hour per machine hour $ Fixed cost (to the nearest dollar) $ Coefficient of determination (R2) (to one decimal place). % 4. Conceptual Connection: Rerun the regression, and drop the point (20,000, $26,000) as an outlier. Compare the results from this regression to those for the regression in Requirement 3. Which is better? Answer: This regression looks better in terms of R squared, or The regression in question 3 looks better in terms of R squared Contribution Margin, Break-Even Units, Break-Even Sales, Margin of Safety, Degree of Operating Leverage Aldovar Company produces a variety of chemicals. One division makes reagents for laboratories. The division's projected income statement for the coming year is: Required: 1. Compute the contribution margin per unit, and calculate the break-even point in units. Calculate the contribution margin ratio and the break-even sales revenue. (Note: Round contribution margin ratio to four significant digits, and round the break-even sales revenue to the nearest dollar.) $ Unit contribution margin Break-even point in units Contribution margin ratio Break-even sales revenue $ 2. The divisional manager has decided to increase the advertising budget by $250,000. This will increase sales revenues by $1 million. By how much will operating income increase or decrease as a result of this action? Use your answers from part 1 to determine the amount. $ Increase, or Decrease 3. Suppose sales revenues exceed the estimated amount on the income statement by $1,500,000. Without preparing a new income statement, by how much are profits underestimated? Use your answers from part 1 to determine the amount. Answer: $ 4. Compute the margin of safety based on the original income statement. Round your answer to the nearest dollar. Answer: $ 5. Compute the degree of operating leverage based on the original income statement. Round your answer to two decimal places. Answer If sales revenues are 8% greater than expected, what is the percentage increase in operating income? Round your answer to four decimal places before converting to a percentage. For example, 0.88349 would be rounded to 0.8835 and entered as 88.35%. %