Question: kindly help to solve the question. Required information The Hard Rock Mining Company is developing cost formulas for management planning and decision-making purposes. The company's

kindly help to solve the question.  kindly help to solve the question. Required information The Hard Rock
Mining Company is developing cost formulas for management planning and decision-making purposes.
The company's cost analyst has concluded that utilities cost is a mixed
cost, and he is attempting to find a base that correlates with
the cost. The controller has suggested that tons mined might be a

Required information The Hard Rock Mining Company is developing cost formulas for management planning and decision-making purposes. The company's cost analyst has concluded that utilities cost is a mixed cost, and he is attempting to find a base that correlates with the cost. The controller has suggested that tons mined might be a good base to use in developing a cost formula. The production superintendent disagrees, she thinks that direct labor-hours would be a better base. The cost analyst has decided to try both bases and has assembled the following information: Direct Labor. Utilities Quarter Tons Mined Hours Cost Year 1: First 23,000 5,880 $ 58,000 Second 16,000 3,800 $ 53,000 Third 28,800 4,800 $ 68,000 Fourth 20,000 6,800 $ 83,000 Year 2: First 26,000 10,800 $108,000 Second 33,000 9,800 $113,000 Third 38,000 8,880 $ 93,000 Fourth 36,000 11,800 $128,000 Required: 1-0. Using tons mined as the independent variable, prepare o scattergraph that plots tons mined on the horizontal axis and utilities cost on the vertical axis. Instructions: Prev 1 NS 3 of 3 HII Next > Required: 1-a. Using tons mined as the independent variable, prepare a scattergraph that plots tons mined on the horizontal axis and utilities cost on the vertical axis. Instructions: 1. On the graph below, use the point tool (Year 1-1st quarter) to plot tons mined on the horizontal axis and utilities cost on the Vertical axis. 2. Repeat the same process for the plotter tools (Year 1-2nd quarter to Year 2.4th quarter). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. Required information Utilities Cost 140000 Tools 120000 Year 1 - 1st 100000 80000 Year 1. 2nd a 60000 40000 Year 1 - 3rd 20000 0 10000 20000 30000 40000 50000 60000 Tons Mined 40000 60000 Tons Mined 1-6. Using the least-squares regression method, estimate the variable utilities cost per ton mined and the total fixed utilities cost per quarter. Express these estimates in the form Ya+bX. (Round the Variable cost per unit to 2 decimal places and Fixed Cost to the nearest whole dollar amount.) 2-b. Using the least-squares regression method, estimate the variable utilities cost per direct labor-hour and the total fixed utilities cost per quarter . Express these estimates in the form Y = a + bx (Round the Variable cost to 2 decimal places and Fixed Cost to the nearest whole dollar amount.)

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