I ne accounting department of insecurity Protection Services, a company that provides security services for rich,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
I ne accounting department of insecurity Protection Services, a company that provides security services for rich, famous, and insecure people is analyzing the costs of its accounting services. Analysts have selected the following cost drivers: customer accounts maintained, and number of paychecks processed. The cost data and cost drivers for 16 months follow: Month Cust accts Paychecks Costs (S) 325 1029 64000 310 993 69100 302 1268 64200 213 1028 61500 222 984 61800 213.9 712 51000 131 762 51220 123 739 54500 115 708 50700 296 1232 65100 213 978 58300 222 929 57800 217 1059 62500 942 55200 1299 71830 1283 65100 1 21 3 4 5 6 71 8 9 10 11 12 13 14 15 16 132.4 300 315 (a) Using regression analysis, find the best cost estimation equation. (b) Estimate the accounting department's costs of doing business based on 1,000 pay checks processed and 200 customer accounts maintained. I ne accounting department of insecurity Protection Services, a company that provides security services for rich, famous, and insecure people is analyzing the costs of its accounting services. Analysts have selected the following cost drivers: customer accounts maintained, and number of paychecks processed. The cost data and cost drivers for 16 months follow: Month Cust accts Paychecks Costs (S) 325 1029 64000 310 993 69100 302 1268 64200 213 1028 61500 222 984 61800 213.9 712 51000 131 762 51220 123 739 54500 115 708 50700 296 1232 65100 213 978 58300 222 929 57800 217 1059 62500 942 55200 1299 71830 1283 65100 1 21 3 4 5 6 71 8 9 10 11 12 13 14 15 16 132.4 300 315 (a) Using regression analysis, find the best cost estimation equation. (b) Estimate the accounting department's costs of doing business based on 1,000 pay checks processed and 200 customer accounts maintained.
Expert Answer:
Answer rating: 100% (QA)
a This is the case of multiple regression and will be in the form y a b1x1 b2x2 In the above formula y is the costs a is the intercept x1 no customer ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Analysts for Brazil Brewery have selected the following cost drivers: volume of beer produced (in hectoliters, i.e., 1 hL = 100 L), total amount of raw materials used (in kilograms), number of...
-
On May 1, Yoon Flying School, a company that provides flying lessons, was started with an investment of W 45,000,000 cash in the business. Following are the assets and liabilities of the company on...
-
On May 1, Park Flying School, a company that provides flying lessons, was started with an investment of W 45,000 cash in the business. Following are the assets and liabilities of the company on May...
-
The average of 4 consecutive odd positive integers is 16. The product of the smallest and largest positive odd integer is 1. 210 2. 247 3. 294 4. 320 None of the above 5.
-
Tidwell Corporation issued a 4 percent stock dividend on 20,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required a. Compute...
-
A quality control department is testing 25 smartphones from a shipment of 300 smartphones. Describe how this test could be done. Then use technology to generate a list of 25 random numbers from 1 to...
-
What are the two outcomes in the group effectiveness model? What factors affect these outcomes?
-
Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world....
-
a. define empowerment strategies relative to the role of the HRM in Public Administration. b. Share empowerment strategies that would contribute to enhancing training and development skills.
-
Find the open-circuit voltage The circuit you should use to find the open-circuit voltage, voc, is shown here. Note that the resistor to the right of terminals a and b has been removed to create the...
-
Display the basic topology for your selected organization. Be sure you include routers, switches, and all of the basic network connection hardware. Diagram your IP addresses. Calculate and add your...
-
find lim X-3 (x-3)5
-
find the domain for this function, g(t)=3-1-2+1
-
For the function, evaluate the following. f(x, y) = x + y-x+5 (a) f(0, 0) (b) f(1, 0) (c) f(0, -1) (d) f(a, 2) (e) f(y, x)
-
Find the value of integral 10 8(t-12)dt
-
Find the derivative of the given function. y = (x + 3)3
-
A customer wants delivery to be ensured between 9 am and 3 pm (notice 3 pm means 15:00 in military time). Your truck leaves the factory at 4 am and the time taken to reach the customer is normally...
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
Doreen Dunst started an interior design company called Interiors by Doreen, Inc., on June 1, 2012. The following amounts summarize the financial position of her business on June 14, 2012, after the...
-
The following sale related transactions for Budget Decor, Inc., occurred during the month of April. Apr 3 Sold $3,200 (cost $1,400) of merchandise on account to B. Levin. Terms, 1/15, n/45, FOB...
-
Motherboard Software, Inc., had Sales Revenue of $65 million, Sales Returns and Allowances of $3.5 million, and Sales Discounts of $1.5 million in 2012. Cost of goods sold was $33 million, and net...
-
Entrepreneur magazine ranks franchises. Among the factors that the magazine uses in its rankings are growth rate, number of locations, start-up costs, and financial stability. A recent ranking listed...
-
The following 20 observations are for two quantitative variables, x and y. a. Create a scatter chart for these 20 observations. b. Fit a linear trendline to the 20 observations. What can you say...
-
The file colleges contains the following data for the sample of 102 private colleges: year founded, tuition and fees (not including room and board), and the percentage of undergraduates who obtained...
Study smarter with the SolutionInn App