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Home Q & A Board Other Fields Homework Help Business Economics
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pduvin pduvin
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6 years ago
Newton Company used linear regression analysis to obtain the following output:

   Payroll Department Cost
   Explained by Number of Employees
   Constant   $5,800
   Standard error of Y estimate   630
   r2       0.8924
   Number of observations   20

   X coefficient   $1.902
   Standard error of coefficient   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: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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pachopacho
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6 years ago
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-Michigan State University

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