Question: Required: 1. Use regression analysis to estimate fixed and variable costs. 2. Use regression analysis to determine if costs are different during the busy season.

Required: 1. Use regression analysis to estimate fixed and variable costs. 2. Use regression analysis to determine if costs are different during the busy season. 3. Use regression analysis to determine if the company is better off incorporating the busy season into its cost behavior analysis. Data: Lab 8.4 Data.xIsx Specify the Question: How can regression analysis be used to understand the cost behavior analysis for Trex? Obtain the Data: Trex sells plastic/wood composite decking through its brand name, Trex Decks. Trex sells its product through Lowe's, and it sells most of its products in the spring and summer, when consumers install or remodel their decks. The dataset in Lab 8.4 Data.xIsx provides some weekly sample data for Trex's costs. Open Excel file Lab 8.4 Data.xIsx. Analyze the Data: Refer to lab 8.4 in your text for additional instructions and steps. Answer the following questions based on the details computed. Question Answer 1. Using the final regression estimates (without including the busy season variable), what is the variable cost per board foot of production? 2. What are some potential reasons that the busy season of production might be more expensive? 3. Based on the results of the analysis, which would best characterize the cost behavior for Trex? 4. The dependent variable in the regression in our cost analysis is which of the following? 5. The formula to calculate an estimate of total production costs without including the busy season variable would be which of the following? ... AutoSave O OFF ~ 9 9 9 . C ... Lab_8 4_Data.xlsx - Read-Only Home Insert Draw Page Layout Formulas Data Review View ? Tell me Share Comments Calibri (Body) AA General Conditional Formatting Insert Format as Table v Ex Delete Paste $ % 9 Cell Styles v Format Editing Data AC53 XVfx Sheet1 +

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