Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park,...
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Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: 269.729996 0.921672 6 0.069749 The regression output was based on the following data: Number of Color Copy Color Copies 25,550 Intercept R-squared Number of observations X coefficient Month July August September October November December 19,950 22,250 22,150 19,550 21,400 Department Costs $ 2,030 1,585 1,860 1,835 1,670 1,765 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y = a + bx. 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y= a + bx. 6. If 23,400 copies are made during January, what is the total cost predicted by each method? Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: 269.729996 0.921672 6 0.069749 The regression output was based on the following data: Number of Color Copy Color Copies 25,550 Intercept R-squared Number of observations X coefficient Month July August September October November December 19,950 22,250 22,150 19,550 21,400 Department Costs $ 2,030 1,585 1,860 1,835 1,670 1,765 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y = a + bx. 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y= a + bx. 6. If 23,400 copies are made during January, what is the total cost predicted by each method?
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To answer the questions well perform the necessary calculations based on the given data 1 Variable cost per color copy for TOSS Variable cost per colo... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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