Classify each of the costs you listed as either fixed, variable, or mixed. Justify why you classified each cost as you did.
Answer to relevant QuestionsDescribe a potential cost driver for each of the variable and mixed costs you listed. Explain why each cost driver would be appropriate for its associated cost. 1. Would the high-low method or regression analysis result in a more accurate cost equation for the data pictured in the scatter plot? Explain. 2. A regression analysis of the data revealed an R-squared figure of 0.939. ...Sketch graphs of the following cost behaviours. In each graph, the y-axis should be “total costs” and the x-axis should be “volume of activity.” a. Step b. Fixed c. Curvilinear d. Mixed e. Variable Use your judgment (just as a manager would use his or her judgment for account analysis) to determine the cost behaviour of each of the following personal costs: a. Apartment rental, $500 per month b. Local phone service ...Assume that Asokan’s “Golden Brown” Pancake Restaurant does a regression analysis on the next year’s data using Excel 2007. The output generated by Excel is as follows: Requirements 1. What is the fixed cost per ...
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