Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the information in the Excel printout to answer the following questions: a. What is the variable cost/unit (slope)? b. What is the fixed


  

Use the information in the Excel printout to answer the following questions: a. What is the variable cost/unit (slope)? b. What is the fixed costs? c. Using the Excel output information, create the cost equation. d. Is this a reliable cost equation (good-fit)? Which variable brings you to this conclusion? Multiple R R Square Adjusted R Square Standard Error Observations ANOVA df Regression Residual Total 0.750775 0.563662 0.454578 45,438.70968 6 SS 1 10,668,627,982 10,668,627,982 4 8,258,705,351 5 18,927 333,333 52.83 Standard Error 97,762.101 MS F 5.167216 2,064,676,338 t Stat P-value 23.241 2.176 2.273 0.053 0.085 Intercept X Variable 1 Coefficients 265,475.95

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

Introduction To Probability And Statistics

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

14th Edition

1133103758, 978-1133103752

More Books

Students also viewed these Accounting questions

Question

Q4 The orientation and culture in the firm.

Answered: 1 week ago

Question

How can the process of operations strategy be organized? Plo8

Answered: 1 week ago