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this problem 2 is a long one Problem 2 3 The Gereaming Goagulls just completed their 6-city music tour. Each tour stop requires the Promoter
this problem 2 is a long one
Problem 2 3 The Gereaming Goagulls just completed their 6-city music tour. Each tour stop requires the Promoter to pay for all Cleanup Costs 5 at each outdoor venue. The costs include: *Trash pickup personnel *Garbage Dumpsters and Hauling Costs Accounting records report the following information Tour Site Attendance Cleanup Costs Tampa 10,000 $ 34,000 Miami 12,000 40,000 Atlanta 15,000 45,000 New Orleans 18,000 48,750 Jacksonville 11,000 38,000 Memphis 21,000 $ 52,000 Applying the High-Low Method to analyze mixed costs: Required: $ wa $ Calculate the Variable Cost, applying the High-Low Method (round to nearest cent) $1.64 $2.48 $2.96 d. $3.40 Calculate the Fixed Cost, applying the High-Low Method (round to nearest cent) $16,363.64 $17,636.36 $34,000.00 None of the Above UN Applying Least Squares Regression, the following Statistics are reported: RSQ 0.97 rounded SLOPE 1.55 rounded INTERCEPT 20,452 rounded The Promoter has announced a new tour stop in Houston The expected attendance is 28,000 tickets REQUIRED: Using the regression statistics, estimate the Cleanup Costs for the Houston tour stop for the Houston tour stop (round to the nearest dollar): 28,000 tickets will be sold $19,838 $20,452 $47,612 $63,852 | Based on the least Squares Regression data presented above, the estimate of Cleanup Costs for the Houston tour stop... a. a. Has an error rate of 97% b. Should be recalculated using the more accurate High/Low Method c. Has a 97% degree of accuracy d. d. Includes only variable Costs eos At 1,000 Units Total Cost Cost/Unit $ 21,000 $ 9,000 $ $ 12,000 $ Cost #1 Cost #2 Cost #3 17 At 1,500 Units Total Cost Cost/Unit $ 25,500 $ $ 13,500 $ $ 12,000 $ 21 9 12 8 Cost #1 is Fixed Variable Mixed Discretionary Cost #2 is Fixed Variable Mixed Discretionary Cost #2 is Fixed Variable Mixed Discretionary Step by Step Solution
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