X Corp analyzed three months of its cost of operation. Data are as follows: Sum of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
X Corp analyzed three months of its cost of operation. Data are as follows: Sum of units is 60 units; Sum of cost is 420; Sum of units x cost totaled 8,800 and Sum of units squared is 1,400. Using the least square technique, how much is the estimated variable cost of producing 10 units? 2. Over the past years, X Corp has experienced the cost shown regarding the shipping expenses: Fixed cost of 16,000; Number of units shipped is 8,000 units; Number of sales orders is 1,000 orders; Average shipment is 15 pounds and Cost per pound is .50 (50 cents per pound). Shown next is the expected data for the coming year: No of units shipped is 8,000 units; Number of sales order is 800; Total sales is 1,200,000 and Total pounds shipped is 9,600. What is X's expected shipping cost for the coming year? X Corp analyzed three months of its cost of operation. Data are as follows: Sum of units is 60 units; Sum of cost is 420; Sum of units x cost totaled 8,800 and Sum of units squared is 1,400. Using the least square technique, how much is the estimated variable cost of producing 10 units? 2. Over the past years, X Corp has experienced the cost shown regarding the shipping expenses: Fixed cost of 16,000; Number of units shipped is 8,000 units; Number of sales orders is 1,000 orders; Average shipment is 15 pounds and Cost per pound is .50 (50 cents per pound). Shown next is the expected data for the coming year: No of units shipped is 8,000 units; Number of sales order is 800; Total sales is 1,200,000 and Total pounds shipped is 9,600. What is X's expected shipping cost for the coming year?
Expert Answer:
Answer rating: 100% (QA)
1 Estimated Variable Cost of Producing 10 Units To estimate the variable cost of producing 10 units using the least square technique we can use the gi... View the full answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
Posted Date:
Students also viewed these accounting questions
-
Using the pneumatic components as follows: i. IL iv. V. 1 unit of 3/2 way valve with push button actuation and spring return 1 unit of 5/2 way valve with pneumatic pressure actuation and spring...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
2. Evaluate the following definite integrals (a) (2x - 6x) dx /6 (b) 16 cos 3t + 2 sin 3t dt x+1 2 da
-
Revenue recognition at time of sale. Assume that Lentiva Group Limited provided the following description of its revenue recognition practices in the notes to its 2007 financial statements. Lentiva...
-
Graph the lines, curves, or half-planes in Problems 1-12. \(\frac{x^{2}}{20}+\frac{y^{2}}{10}=1\)
-
In 2013, Thomas DePrince, a passenger aboard a cruise ship, visited the ships jewelry boutique, operated by Starboard Cruise Services, Inc. DePrince told the employees of the boutique that he was...
-
Having rejected a tariff on textiles (a tax on imports), the president of Isoland is now considering the same-sized tax on textile consumption (including both imported and domestically produced...
-
In-kind contributions Group of answer choices should be included as part of the budget should be included only if the dollar value exceeds $800 should be included as part of the budget if the donor...
-
Project Alpha has two phases. You may invest in the first, in both, or in neither. The first phase requires an investment of $100 today. One year later, Alpha will deliver either $120 or $80, with...
-
Which is the following would be classified as a continuous data measure? Disease status: disease or no disease Gender Identity (cis male, cis female, non-binary, trans, other) Expenditures (in US...
-
Enhanced Interrogation Techniques. Should they be utilized? At a minimum, the paper will follow the following format. The student is encouraged to be creative with the research project. The format...
-
We would like to carry a metal piece of length L (ignore the thickness) in horizontal position around a corner from a corridor of 2 meters wide into a corridor of 3 meters wide as shown in the figure...
-
Sahari Aswad is running its business from 2001 in sultanate of Oman. It has cash in hand RO 40000, debtors RO 20000, stock in hand RO 10000, creditors RO 15000, capital RO 60000. The current ratio...
-
Description There is no need to include the caption for the petition. Draft the body of the petition using the 3 counts we discuss in class. Be sure to include all body sections and appropriate...
-
In what ways does James Joyce's Ulysses challenge traditional narrative structure and what effect does this have on the reader's experience?
-
A corporate would like to raise $50000 worth capital through three methods: selling bonds with a capital cost 8%, selling stocks with a capital cost 11%, taking a loan under interest at annual rate...
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
Chipper Company had the following transactions during the year: 1. Land was purchased for $75,000 cash. This land was to be used for a new office building. It was agreed that Chipper Company would...
-
You are given the following unit cost data for Sun-Power Company: Required Determine the carrying cost of each item, and record the adjusting entry to the inventory account. B. $183 Historical cost...
-
My division had another great year last year. We all worked hard, and the results were there. But again we got no reward for our hard work. It's very frustrating. - Division Manager, General Products...
-
Why does spreading feet apart help a surfer stay on the board?
-
If you stood atop a super-tall ladder three times as far from Earths center as at Earths surface, how would your weight compare with it present value?
-
How was Pioneer 10 able to escape the solar system with an initial speed less than escape speed?
Study smarter with the SolutionInn App