FALL 2017 ACC3300 CHAPTER 10 SUPER FUNWORK SHOW ALL WORK AND BOX OR CIRCLE YOUR FINAL ANSWERS Easy Electronies produces an easy-to use high-end compact dise playcer that sells for $1.500. Total operating expenses for the past 12 months are as follows: Units produced 525 Cost $286,400 289,980 304,800 325,120 297,200 280,880 August September October November December January February March April May June July 570 525 540 630 525 510 480 55s 540 276,860 274,280 279,340 289,440 287,520 Required 1. 2. 3. 4. Using the high-low method, create a total cost formula for the production of the compact disc player Using the cost formula created from requirement 1, what would next month's predicted cost be if 549 units are produced? Using Excel, run a regression analysis on the data above. Print your results and turn it in with the rest of your work. Create a cost formula using the results from your regression analysis (round out to 4 decimals places when creating your formula). Using this new cost formula, what would next month's predicted cost be if 549 units are produced? What is R squared based on your results? Do you think that units produced is a good indicator of total cost? 5. FALL 2017 ACC3300 CHAPTER 10 SUPER FUNWORK SHOW ALL WORK AND BOX OR CIRCLE YOUR FINAL ANSWERS Easy Electronies produces an easy-to use high-end compact dise playcer that sells for $1.500. Total operating expenses for the past 12 months are as follows: Units produced 525 Cost $286,400 289,980 304,800 325,120 297,200 280,880 August September October November December January February March April May June July 570 525 540 630 525 510 480 55s 540 276,860 274,280 279,340 289,440 287,520 Required 1. 2. 3. 4. Using the high-low method, create a total cost formula for the production of the compact disc player Using the cost formula created from requirement 1, what would next month's predicted cost be if 549 units are produced? Using Excel, run a regression analysis on the data above. Print your results and turn it in with the rest of your work. Create a cost formula using the results from your regression analysis (round out to 4 decimals places when creating your formula). Using this new cost formula, what would next month's predicted cost be if 549 units are produced? What is R squared based on your results? Do you think that units produced is a good indicator of total cost? 5