Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form of a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.) (Round intercept to 2 decimal places e.g. 1.25 and slope to 5 decimal places e.g. 1.25125.) Intercept $ Slope The cost equation is: $ per unit produced - Total cost
Compute the variable- and fixed-cost elements using the regression analysis. Present your solution in the form of a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.) (Round intercept to 2 decimal places e.g. 1.25 and slope to 5 decimal places e.g. 1.25125.) Intercept $ Slope The cost equation is: $ per unit produced - Total cost
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Data for Oriole Corporation's maintenance costs is shown below.
July
August
September
October
November
December
Intercept $
Units
Produced
Slope
15,840
28,160
31,680
19,360
The cost equation is: $
35,200
33,440
Compute the variable-and fixed-cost elements using the regression analysis. Present your solution in the form of
a cost equation. (We recommend that you use the Intercept and Slope functions in Excel.) (Round intercept to 2
decimal places e.g. 1.25 and slope to 5 decimal places e.g. 1.25125.)
Total Cost
$28,160
42,240
48,400
33,440
58,168
54,560
+$
per unit produced = Total cost
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