Question: Classify each of the costs you listed as either fixed
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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