Assume you run a bakery and you sell tarts. Below are the monthly data # tarts...
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• Assume you run a bakery and you sell tarts. Below are the monthly data # tarts sold | total costs $500 Jan 500 Feb 350 Mar 380 Apr 540 May 310 Jun 360 $430 $470 $560 $320 $450 a) Estimate the fixed cost and variable cost using the high-low method. b) What are the fixed cost and variable cost using the Regression method? What is the R square? In this example, can you give ONE potential explanation why R square is not 1? • Assume you run a bakery and you sell tarts. Below are the monthly data # tarts sold | total costs $500 Jan 500 Feb 350 Mar 380 Apr 540 May 310 Jun 360 $430 $470 $560 $320 $450 a) Estimate the fixed cost and variable cost using the high-low method. b) What are the fixed cost and variable cost using the Regression method? What is the R square? In this example, can you give ONE potential explanation why R square is not 1?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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