Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Urgent please help. thank you. Garfield Company manufactures a popular brand of dog repellant known as DogGone it, which it sells in gallon-size bottles with

Urgent please help. thank you.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Garfield Company manufactures a popular brand of dog repellant known as DogGone it, which it sells in gallon-size bottles with a spray attachment, The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+by) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate Garfleld's total fixed operating costs and varable operating cost per botte. Note: Do not round your intermediate calculations. Round your variable coct per unit answer to 2 decimal places and fxed cent anawer to the neareat whole number. Garfield Company manufactures a popular brand of dog repellant known as DogGone it, which it sells in gallon-size bottles with a spray attachment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards, Garfieid's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output, create a linear cost equation (y=a+by) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Perform a lesst-squares regression analysis oe Garfield's data. Fote Use Micropoft facel or a statisbicil package to find the coeficients using least-bquares fegression. Round your aniswers to 3 decimal places. Gartield Company manufactures a popular beand of dog repellant known as DogGone it, which it sells in gallon-size bottles with a spray attachment. The majorty of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calcutate Garfleld's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression andlysis exploins the data. 6. Using the regression output create a linear cost equation (y=a+ bu for estimsting Garfeld's operating costs. Complete this quention by entering your answers in the tabs below. Oetermine how well thit regression analysis explains the deta. Note: Round your repression statiseica to three deolmal places and, obvervation and percentage answer to the nearest whole number: Garfield Company manulactures a popular brand of dog repeliant known as DogGone it, which it sells in gallon-size bottles with a spray attochment. The majority of Garfield's business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield's operating information for the first six months of the year follows: Required: 3. Using the high-low method, calculate Garfield's total fixed operating costs and variable operating cost per bottle. 4. Perform a least-squares regression analysis on Garfield's data. 5. Determine how well this regression analysis explains the data. 6. Using the regression output create a linear cost equation (y=a+bx) for estimating Garfield's operating costs. Complete this question by entering your answers in the tabs below. Using the regression output, create a linear cost equation (y=n+bx) for estimating Garfield's operating costs. Note: Round your answers to 3 decimal places

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

Foreign Corrupt Practices Act Compliance Guidebook Protecting Your Organization From Bribery And Corruption

Authors: Martin T. Biegelman, Daniel R. Biegelman

1st Edition

0470527935, 978-0470527931

More Books

Students also viewed these Accounting questions