Which of the following statements about the regression analysis shown is the most accurate? A B C D 1 SUMMARY OUTPUT 2 3 Regression Statistics 4 Multiple R 0.64072974 5 R Square 0.4105346 6 Adjusted R Sq 0.26316825 7 Standard Erro 446.747334 8 Observations 6 9 10 ANOVA df SS MS 12 Regression 1 556000.747 556000.747 13 Residual 4 798332.723 199583.181 14 Total 5 1354333.47 15 16 Coefficients Standard Error t Stat 17 Intercept 928.37722 2258.5813 0.41104441 18 X Variable 1 2.27746001 1.36450472 1.66907448 11 19 The R Square indicates that the cost equation should be relied upon to accurately predict costs. The cost equation is approximately "TC - $228x + $ 2.258.58 : The data points are not very closely aligned with the cost equation line. The fixed costs total approximately $556.000. IMPORTANT. Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting after the test is over Label your work with the question number The Lazy sells two types of hammocks Snoorefest and The Shady Lady. The following table provides information about each hammock. The Lazy J has $407.000 in fixed costs Sales Price Variable Costs per Hammock per Hammock Sales Max Snoozefost $150 70% The Shady Lady 5200 $70 30% Since Snoozefest is its bestseller The Lazy Jis considering only selling that product and halting production and sales of The Shady Lady Calculate the breakeven point in units if only Snoozefost is sold units What is The Lazys weighted average contribution margin assuming both products continue to be sold? $ How many of each type of hammock does The Lazy J need to sell in order to achieve its goal of $375.000 in operating income this year? Total Hammocks to be sold: Snoozefost Hammocks to be sold: The Shady Lady Hammocks to be Sold: Which of the following statements about the regression analysis shown is the most accurate? A B C D 1 SUMMARY OUTPUT 2 3 Regression Statistics 4 Multiple R 0.64072974 5 R Square 0.4105346 6 Adjusted R Sq 0.26316825 7 Standard Erro 446.747334 8 Observations 6 9 10 ANOVA df SS MS 12 Regression 1 556000.747 556000.747 13 Residual 4 798332.723 199583.181 14 Total 5 1354333.47 15 16 Coefficients Standard Error t Stat 17 Intercept 928.37722 2258.5813 0.41104441 18 X Variable 1 2.27746001 1.36450472 1.66907448 11 19 The R Square indicates that the cost equation should be relied upon to accurately predict costs. The cost equation is approximately "TC - $228x + $ 2.258.58 : The data points are not very closely aligned with the cost equation line. The fixed costs total approximately $556.000. IMPORTANT. Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting after the test is over Label your work with the question number The Lazy sells two types of hammocks Snoorefest and The Shady Lady. The following table provides information about each hammock. The Lazy J has $407.000 in fixed costs Sales Price Variable Costs per Hammock per Hammock Sales Max Snoozefost $150 70% The Shady Lady 5200 $70 30% Since Snoozefest is its bestseller The Lazy Jis considering only selling that product and halting production and sales of The Shady Lady Calculate the breakeven point in units if only Snoozefost is sold units What is The Lazys weighted average contribution margin assuming both products continue to be sold? $ How many of each type of hammock does The Lazy J need to sell in order to achieve its goal of $375.000 in operating income this year? Total Hammocks to be sold: Snoozefost Hammocks to be sold: The Shady Lady Hammocks to be Sold