Data for Sandhill Corporation's maintenance costs is shown below. Units Total Cost Produced July 19,635 $38,070...
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Data for Sandhill Corporation's maintenance costs is shown below. Units Total Cost Produced July 19,635 $38,070 August 34,912 52,368 September 39,276 60,005 October 24,002 41,458 November 43,640 81,279 December 41,458 67,642 Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form of a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.) (Round intercept to 2 decimal places eg. 1.25 and slope to 5 decimal places e.g. 1.25125.) Intercept Slope The cost equation is: $ + $ per unit produced = Total cost %24 %24 %24 Data for Sandhill Corporation's maintenance costs is shown below. Units Total Cost Produced July 19,635 $38,070 August 34,912 52,368 September 39,276 60,005 October 24,002 41,458 November 43,640 81,279 December 41,458 67,642 Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form of a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.) (Round intercept to 2 decimal places eg. 1.25 and slope to 5 decimal places e.g. 1.25125.) Intercept Slope The cost equation is: $ + $ per unit produced = Total cost %24 %24 %24
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Solution Intercept 417346 Slope 155616 ie X Variable 1 Cost Equation is 417346 155... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1119392422
8th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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