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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
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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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
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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