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 1 2 3 4 5 6 Units 13 11 16 15 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. Exercise 5A-5 Part 3 (Algo) Expected total etching cost 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.)

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 1 2 3 4 5 6 Units 13 11 16 15 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. Exercise 5A-5 Part 3 (Algo) Expected total etching cost 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.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2PB: Mortech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and...

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Required information 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 Units 9 6 11 5 7 10 48 Req 2A For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Total Etching Cost $ 27 20 31 20 Exercise 5A-5 Part 2 (Algo) 24 30 $ 152 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a +bX. Req 2B Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit X Answer is complete but not entirely correct. Using the least-squares regression method,…
Required Information 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 1 2 3 4 5 Units 9 5 11 5 8 11 49 Total Etching Cost $ 24 21 29 20 24 27 $ 145 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 nine units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Expected total etching cost
Required information. 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 1 22555T 3 Y = 4 6 Units 13 11 16 15 18 18 91 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 2 (Algo) Total Etching Cost $ 24 21 31 25 31 32 $ 164 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bx. Req 2A Complete this question by entering your answers in the tabs below. Req 2B Express these estimates in the form Y = a +bX. (Round your answers to 2 decimal places.) X
U Required information 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 1 123456 2 3 4 5 Units 9 6 11 5 7 14 52 Total Etching Cost $ 25 20 30 21 21 32 $ 149 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 2 (Algo) 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bX.
! Required information Exercise 2A-5 (Algo) Least-Squares Regression [LO2-11] 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 Units 10 7 12 6 8 11 54 Total Etching Cost $ 27 20 31 20 24 30 $152 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 2A-5 Part 2 (Algo) Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a +bX.
Required information 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 Units 17 11 W3 13 12 14 Reg 2A 47 17 84 Total Etching Cost $ 26 20 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 604 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bx. Req 2B 24 22 25 28 $ 145 Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal…
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! Required information 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 1 2 3 4 5 6 Units 10 4 12 5 10 15 56 Total Etching Cost $ 27 20 27 22 25 29 $ 150 For planning purposes, management wants to know the variable etching cost per unit and the total fixed etching cost per week. Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a +bX. 3. If the company processes thirteen units next week, what would be the expected total etching cost? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 3 Using the least-squares regression method, estimate the variable etching cost per unit and the total…
2 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 Units 9 6 11 5 7 14 52 Total Etching Cost $ 25 20 30 21 21 32 $ 149 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 eighteen units pext week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Answer is complete but not entirely correct. $ 38.00 X Expected total etching cost
Least-Squares Regression 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: For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Required: 1. Prepare a scattergraph plot. (Plot etching costs on the vertical axis and units on the horizontal axis.) 2. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. Express these estimates in the form Y = a + bX. 3. If the company processes five units next week, what would be the expected total etching cost? (Round your answer to the nearest cent.)
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