Question: Boxes for packaging the glasses variable Short Answers 1. Using the output at the right, (7 pts) a. What is the variable cost/unit (slope)? Multiple

Boxes for packaging the glasses variable Short Answers 1. Using the

Boxes for packaging the glasses variable Short Answers 1. Using the output at the right, (7 pts) a. What is the variable cost/unit (slope)? Multiple R R Square Adjusted R Square Standard Error Observations ANOVA 0.750775 0.563662 0.454578 45,438.70968 5.167216 Regression Residual Total SS MS 1 10,668,627982 10,668,627,982 4 8,258,705,351 2,064,676,338 5 18927333,333 b. What is the fixed costs? t Stat Standard Error 97,762.101 23.241 Coefficients 265,475.95 52.83 P-value 0.053 0.085 Intercept X Variable 1 c. Create the cost equation. d. Is this a reliable cost equation (good-fit)? Why/why not? 2. What are joint costs? Explain how companies calculate joint costs, using the dairy industry as an example (milk to ice cream). (6 pts)

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