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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following information pertains to Microhard, Inc.'s packaging department:   Cost of
   Packaged   operating
   Year   Units   packaging dept
   2000   15,000    $ 115,000
   2001   12,500   120,000
   2002   20,000   200,000
   2003   26,500   225,000
   2004   25,500   220,000

A regression analysis on this information yields the following output:

SUMMARY OUTPUT

                Regression Statistics           
   Observations   5
                                                          

      Coefficients
   Intercept   9562.45934
   X Variable 1   8.36369551

REQUIRED:
Using the regression output, determine the following:

a.)   The regression equation.
b.)   The variable cost per package
c.)   The fixed cost of operating the packaging department for one year.
d.)   What is the estimated cost of operating the packaging department in 2005 assuming that the number of packaged units will increase by 25% from the previous year.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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suryoyosuryoyo
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7 years ago
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LiChan Author
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#2
7 years ago
How do you know this stuff so well, wish I was as smart
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#3
7 years ago
Extremely happy to help
Thumbs up me, please!
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