Exercise SA-5 (Algo) Least-Squares Regression (LO5-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks 1 2 3 4 5 6 Units 16 15 18 91 Total Etching Cost $ 24 21 31 25 31 32 $164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week Exercise 5A-5 Part 3 (Algo) 3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places) S 34.90
Exercise SA-5 (Algo) Least-Squares Regression (LO5-11] George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks 1 2 3 4 5 6 Units 16 15 18 91 Total Etching Cost $ 24 21 31 25 31 32 $164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week Exercise 5A-5 Part 3 (Algo) 3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places) S 34.90
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
am. 115.
Transcribed Image Text:Exercise 5A-5 (Algo) Least-Squares Regression (LO5-11)
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Week
123456
6
Units
13
11
16
15
SSGECE
18
18
91
Total Etching
Cost
$24
21
31
25
31
32
$164
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week
Expected total etching cost
Exercise 5A-5 Part 3 (Algo)
3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate
calculations and final answer to 2 decimal places.)
$
34.90
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