The controller of Cullumber Industries has collected the following monthly expense data for analyzing the cost...
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The controller of Cullumber Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January $1.890 270 February 2.970 360 March 3,400 470 April 4,610 685 May 3.220 440 June 4,910 710 July 4,120 645 August 3,880 530 September 5,160 660 October 4,380 620 November 3.240 360 December 6,290 730 (a) Determine the fixed- and variable-cost components using regression analysis (We recommend the use of Excel) (Round fxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g. 1.25125.) Fixed costs Variable-cost The controller of Cullumber Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January $1.890 270 February 2.970 360 March 3,400 470 April 4,610 685 May 3.220 440 June 4,910 710 July 4,120 645 August 3,880 530 September 5,160 660 October 4,380 620 November 3.240 360 December 6,290 730 (a) Determine the fixed- and variable-cost components using regression analysis (We recommend the use of Excel) (Round fxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g. 1.25125.) Fixed costs Variable-cost
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1118334263
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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