Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
jerico jerico
wrote...
Go to Answer
Posts: 4603
Rep: 8 0
9 years ago
Degen Company used least squares regression analysis to obtain the following output:

   Payroll Department Cost
   Explained by Number of Employees
   Constant   $7,540
   Standard error of Y estimate   819
   r2   0.8924
   Number of observations   20

   X coefficient(s)   $2.473
   Standard error of coefficient(s)   0.0966

Required:
a.   What is the total fixed cost?
b.   What is the variable cost per employee?
c.   Prepare the linear cost function.
d.   What is the coefficient of determination? Comment on the goodness of fit.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
Read 357 times
3 Replies
Replies
Answer verified by a subject expert
cyborgcyborg
wrote...
#1
Top Poster
Posts: 4566
Rep: 218 1
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jerico Author
wrote...
#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
wrote...
#3
9 years ago
Sweet, you're welcome.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1313 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 2833
  
 1340
  
 75
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which 'study break' activity do you find most distracting?