A-5 Assume that a company wants to separate a mixed cost into its variableand fixed elements for cost estimation purposes. It provided thefollowing information:Week12345678910Units Produced12,000.13,50014,00013,70011,50010,10010,80014,40011, 20013, 200Mixed Cost$ 35,300$ 39,500$ 41,100$ 39,620$ 34,400$ 32,050$ 32,380$ 41,890$ 34,200$ 39,150Using least-squares regression, the estimate for the fixed cost per weekis closest to:

Introduction: In cost accounting and economics, the relationship between total cost (TC), fixed cost…

Answered: Assume that a company wants to separate…

Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7E: High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and...

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Question

A-5

Assume that a company wants to separate a mixed cost into its variable
and fixed elements for cost estimation purposes. It provided the
following information:
Week
1
2
3
4
56
7
8
9
10
Units Produced
12,000.
13,500
14,000
13,700
11,500
10,100
10,800
14,400
11, 200
13, 200
Mixed Cost
$ 35,300
$ 39,500
$ 41,100
$ 39,620
$ 34,400
$ 32,050
$ 32,380
$ 41,890
$ 34,200
$ 39,150
Using least-squares regression, the estimate for the fixed cost per week
is closest to:

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Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information: Week Units Produced Mixed Cost 1 12,000 $ 35, 300 2 13, 500 $ 39, 500 3 14, 000 $ 41, 100 4 13, 700 $ 39, 620 5 11,500 $ 34,400 6 10, 100 $ 32, 050 7 10,800 $ 32, 380 8 14, 400 $ 41,890 9 11, 200 $ 34, 200 10 13, 200 $ 39, 150 Using least - squares regression, the estimate for the fixed cost per week is closest to:
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