Grawburg Incorporated maintains a call center to take orders, answer questions, and handle complaints. The costs of the call centerfor a number of recent months are listed below:CallsTakenCall Center CostApril6,781$ 73,515May6,750$ 73,313June6,791$ 73,584July6,787$ 73,535August6,757$ 73,368September6,767$ 73,412OctoberNovember6,809$ 73,6836,793$ 73,579Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken.Required:Estimate the variable cost per call and fixed cost per month using the least-squares regression method. (Round the "Variable cost" to2 decimal places and the "Fixed cost" to the nearest dollar amount.)Variable costFixed costper callper month

Regression analysis is a statistical method used to analyze the relationship between two or more…

Grawburg Incorporated maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a number of recent months are listed below: Calls Call Center Cost Taken April 6,781 $ 73,515 May 6,750 $ 73,313 June 6,791 $ 73,584 July 6,787 $ 73,535 August 6,757 $ 73,368 September 6,767 $ 73,412 October 6,809 $ 73,683 November 6,793 $ 73,579 Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken. Required: Estimate the variable cost per call and fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) Variable cost Fixed cost per call per month

Grawburg Incorporated maintains a call center to take orders, answer questions, and handle complaints. The costs of the call center for a number of recent months are listed below: Calls Call Center Cost Taken April 6,781 $ 73,515 May 6,750 $ 73,313 June 6,791 $ 73,584 July 6,787 $ 73,535 August 6,757 $ 73,368 September 6,767 $ 73,412 October 6,809 $ 73,683 November 6,793 $ 73,579 Management believes that the cost of the call center is a mixed cost that depends on the number of calls taken. Required: Estimate the variable cost per call and fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) Variable cost Fixed cost per call per month

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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