cesRequired Information.George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of thecompany's products, a platinum diving watch, goes through an etching process. The company has recorded etching costsas follows over the last six weeks:12345Units54545410Req 2A161760Total EtchingCost5 222125202832For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching costper week.$ 1482-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week..2-b. Express these estimates in the form Y=a+bXComplete this question by entering your answers in the tabs below.eq 28Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.)< Req2AReg 213

X Y XY X2 5 22 110 25 7 21 147 49 10 25 250 100 5 20 100 25 16 28 448 256 17 32 544 289…

Answered: 2-a. Using the least-squares regression…

2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Ya+bX

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

ces
Required Information.
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
1
2
3
4
5
Units
5
45454
10
Req 2A
16
17
60
Total Etching
Cost
5 22
21
25
20
28
32
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
$ 148
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week..
2-b. Express these estimates in the form Y=a+bX
Complete this question by entering your answers in the tabs below.
eq 28
Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.)
< Req2A
Reg 213

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