Crazy Sam's Deals produces and sells widgets each month. The accounts used multiple regression to be able to estimate their total monthly costs with two factors: units produced and the average monthly production lot size. The output from Excel is shown below SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Intercept Production (Units) Average Monthly Production Lot Size O 0.88 0.78 0.73 35436.50 12 Coefficients Standard Errort Stat P-value Lower 95% Upper 95% 482171.92 259305.07 705038.76 2.49 1.01 3.97 98519.61 0.65 11770.94 4.89 3.82 4799.06 0.00 0.00 0.04 What would total cost be if the company produced $2.000 units and had an average monthly production lot size of 267 (do not $570,560.94 5493.945.35 Os1,017,296.36 Os 535.124.44 914.72 22627 16 calculations)

Crazy Sam's Deals produces and sells widgets each month. The accounts used multiple regression to be able to estimate their total monthly costs with two factors: units produced and the average monthly production lot size. The output from Excel is shown below SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Intercept Production (Units) Average Monthly Production Lot Size O 0.88 0.78 0.73 35436.50 12 Coefficients Standard Errort Stat P-value Lower 95% Upper 95% 482171.92 259305.07 705038.76 2.49 1.01 3.97 98519.61 0.65 11770.94 4.89 3.82 4799.06 0.00 0.00 0.04 What would total cost be if the company produced $2.000 units and had an average monthly production lot size of 267 (do not $570,560.94 5493.945.35 Os1,017,296.36 Os 535.124.44 914.72 22627 16 calculations)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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