Question: I need help with this managerial accounting question!!! Q3 ABC Company produces hand-held calculators. The company wants to calculate the fixed and variable costs associated

I need help with this managerial accounting question!!! Q3 ABC Company

I need help with this managerial accounting question!!! Q3

ABC Company produces hand-held calculators. The company wants to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months were collected: Maintenance Machine Costs Hours June $ 4,180.00 328 July $ 3,956.00 313 August $ 4,686.00 386 September $ 4,240.00 352 Coefficients shown by a regression program are: Intercept X Variable 1 a) 986.50 9.68 Required: Using the results of regression, compute the fixed cost of maintenance. (1 Mark) b) Using the results of regression, compute the variable cost of maintenance. (1 Mark) c) Using the results of regression, construct the cost formula for maintenance cost. (1 Mark)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Help me with this question guise 9:01 AM practice questions - Read-only OHE . . . Read Only - You can't save changes to this file. V fx V A B C D E F G H J K ABC Company produces hand-held...

ABC Company produces hand-held calculators. The company wants to calculate the fixed variable costs associated with the maintenance cost incurred by the factory. Data for the four months were...

Solve with solution so I can learn dis plz cosy? practice questions - Saved A B C D E F G H | ______ ,___ ____ ___ ________ ____ ____________ m ABC Company produces hand-held calculators. The company...

I need help with a managerial accounting question. All parts pertain to the same question. Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks each...

ABC company produces tablets. The company wants to calculate the fixed and variable costs ABC Company produces tablets. The company wants to calculate the fixed and variable costs associated with the...

Need help with these managerial accounting question. Thank you for your help. Problem 19-2A (Part Level Submission) Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is...

Day Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four...

PristinDay Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the...

Figure 3-7. Margola Company produces hand-held calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data...

Formatting You are required to consider the case study provided and write an executive report using Power Point. Your report should be set out in an appropriate format under the following headings:...

Crane Construction's manufacturing costs for August when production was 1,240 units are as follows: Direct material Direct labor Variable overhead Factory depreciation Factory supervisory salaries...

Write the equation of the sphere in standard form. SCalders 1 2 . 1 x 2 y 2 z 2 2 x - 6 y - 6 z = - 3 Find is center and radius. center ( x , x , x ) = ? ) radius

Estimation of diffusivity for a binary mixture at high density, Predict CD AB for an equimolar mixture of N 2 and C 2 H 6 at 288.2K and 40atm (a) Use the value of D AB at 1atm from Table 17.1-1,...

A plane flies from base camp to lake A, 280 km away, in a direction of 20.0 north of east. After dropping off supplies it flies to lake B, which is 190 km at 30.0 west of north from lake A....

If a certain machine makes electrical resistors having a mean resistance of 40 ohms and a standard deviation of 2 ohms, what is the probability that a random sample of 36 of these resistors will have...

A soft-drink machine is being regulated so that the amount of drink dispensed averages 240 milliliters with a standard deviation of 15 milliliters. Periodically, the machine is checked by taking a...

An object's velocity is measured to be vx (t) = a - pt', where a = 4.00 m/s and p = 2.00 m/S3. At t = 0 the object is at x = O. (a) Calculate the object's position and acceleration as functions of...

Managing hardware and software resources is a key function of an Operating System Group of answer choices True False

3. Find examples from your everyday life of people or situations that fit the Ithaca Syndrome.

1. Discuss the following: a) If you want stability, you should focus on change. b) What happens when an effect becomes a cause? c) If you do the opposite of what is expected, the reaction is changed....

2. In this chapter, the reader should reflect on the following concepts: Systemic, positive feedback loop, negative feedback loop, negative feed-back loop dominance, positive feedback loop dominance,...