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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 13E: Eyring Manufacturing produces a component used in its production of washing machines. The time to...

See similar textbooks

Similar questions

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: Total Etching Week Units 1 13 Cost $ 24 2 11 21 3 16 31 4 15 25 5 18 31 6 18 32 91 $ 164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Required: 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. Req 2A Req 2B Express these estimates in the form Y = a + bx. Note: Round your answers to 2 decimal places. Y =
! 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: Week 1 2 3 4 5 6 Units 10 4 12 5 10 15 56 Total Etching Cost $ 27 20 27 22 25 29 $ 150 For planning purposes, management wants to know the variable etching cost per unit and the total fixed etching cost per week. Required: 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. 3. If the company processes thirteen units next week, what would be the expected total etching cost? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 3 Using the least-squares regression method, estimate the variable etching cost per unit and the total…
Please help me fast thanku
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: Week Units Total Etching Cost 1 10 $ 26 2 7 $ 24 3 18 $ 31 4 6 $ 20 5 12 $ 27 6 13 66 $ 27 $155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 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.
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: Week 1 ASAWNE 2 3 4 5 Units 12 3 8 8 8 11 50 Total Etching Cost $ 32 20 26 27 25 30 $ 160 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the company processes fourteen units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Expected total etching cost
None
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: Week 123456 Units 17 11 W3 13 12 14 Reg 2A 47 17 84 Total Etching Cost $ 26 20 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 604 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. Req 2B 24 22 25 28 $ 145 Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal…
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: Week Units 7 2 30 Total Etching Cost $18 17 25 20 24 Expected total etching cost 16 $120 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 3. If the company processes five units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
2 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: Week 123456 Units 9 6 11 5 7 14 52 Total Etching Cost $ 25 20 30 21 21 32 $ 149 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the company processes eighteen units pext week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Answer is complete but not entirely correct. $ 38.00 X Expected total etching cost
George Caloz & Freres, 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: ing Cost Week 1 $54 ANAS $45 2 $36 3 4 6 Units 9 6 11 5 7 10 48 For planning purposes, management wants to know the variable etching cost per unit and the total fixed etching cost per week. Required: 1. Prepare a scattergraph plot. (Plot etching costs on the vertical axis and units on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Week 1) to plot units on the horizontal axis and total etching cost on the vertical axis. 2. Repeat the same process for the plotter tools (Week 2 to Week 6). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. Total Etching Cost $ 27 20 31 20 24 30 $ 152…
Butik Jelita receives a special order from a local agency requesting it to custom made 20 pieces of dresses to be worn in a special event. The owner, Puan Julia labels this special order as Job A27. The following is the information to produce ONE (1) piece of the dress. Items Quantity Price Direct materials: Material A 4 meters RM30 per meter Material B 2 meters RM10 per meter Direct labours: Cutting department 4 hours RM20 per hour Sewing department 6 hours RM12 per hour Machine hours: Cutting department 2 hours Sewing department 5 hours Production overheads: Cutting department Absorbed at RM6.00 per direct labour hour Sewing department Absorbed at RM4.00 per machine hour Other information: The company hires a special sewing machine which cost RM5,000 to fulfil this whole Job A27. The selling and distribution…
Navern Coporation manufactures and sells custom home elevators. From the time an order is placed until the time the elevator is installed in the customer's home averages 44 days. This 44 days is spent as follows: Wait time 12 days Inspection time Process time Move time Queue time 12 days 5 days 6 days 9 days What is Navern's manufacturing cycle efficiency (MCE) for its elevators? Multiple Cholce 38.6% 15.6% 61.4% 591% 65°F Cloudy search DELL