Accounting The following information is available regarding the total repair costs of Comfort Designs Company for six months of 2022: Month Units Produced Repair costs January 1,500 14,875 February 1,750 15,500 March 1,000 12,250 April 1,250 16,250 May 1,875 18,250 June 2,250 21,750 Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. SHOW WORK (1) Provide the regression output and construct a cost model. (2) According to the cost model, what is the estimated total fixed cost? (3) According to the cost model, what is the estimated variable cost per unit?
Accounting The following information is available regarding the total repair costs of Comfort Designs Company for six months of 2022: Month Units Produced Repair costs January 1,500 14,875 February 1,750 15,500 March 1,000 12,250 April 1,250 16,250 May 1,875 18,250 June 2,250 21,750 Using the least-square regression analysis on Excel, construct a cost formula. Run a regression analysis on the data above and provide your response to the following three questions. SHOW WORK (1) Provide the regression output and construct a cost model. (2) According to the cost model, what is the estimated total fixed cost? (3) According to the cost model, what is the estimated variable cost per unit?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Accounting
The following information is available regarding
the total repair costs of Comfort Designs
Company for six months of 2022:
Month Units Produced Repair costs
January 1,500 14,875
February 1,750 15,500
March 1,000 12,250
April 1,250 16,250
May 1,875 18,250
June 2,250 21,750
Using the least-square regression analysis on
Excel, construct a cost formula. Run a regression
analysis on the data above and provide your
response to the following three questions.
SHOW WORK
(1) Provide the regression output and construct a
cost model.
(2) According to the cost model, what is the
estimated total fixed cost?
(3) According to the cost model, what is the
estimated variable cost per unit?
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