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Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material-handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock. Knight compiled the following data. Month January February March April May June July August September October November December Units of Activity (hundreds of pounds of equipment loaded or unloaded) Problem 6-42 Part 1 3,700 3,500 3,200 2,900 4,100 4,300 3,900 3,700 4,500 3,000 3,100 3,300 Material-Handling Department Costs $13,600 13, 200 12, 200 12, 100 13,000 15,400 13,900 13,300 14,400 12,000 13, 250 13,250 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the variable- and fixed-cost components in the company's material-handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.)

Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material-handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock. Knight compiled the following data. Month January February March April May June July August September October November December Units of Activity (hundreds of pounds of equipment loaded or unloaded) Problem 6-42 Part 1 3,700 3,500 3,200 2,900 4,100 4,300 3,900 3,700 4,500 3,000 3,100 3,300 Material-Handling Department Costs $13,600 13, 200 12, 200 12, 100 13,000 15,400 13,900 13,300 14,400 12,000 13, 250 13,250 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the variable- and fixed-cost components in the company's material-handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material-handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock. Knight compiled the following data Month January February March April May June July August September October November December Units of Activity (hundreds of pounds of equipment loaded or unloaded) Problem 6-42 Part 1 3,700 3,500 3,200 2,900 4,100 4,300 3,900 3,700 4,500 3.000 3,100 3,300 Material-Handling Department Costs $13,600 13,200 12,200 12,100 13,000 15,400 13,900 13,300 14,400 12,000 13,25€ 13,250 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the variable- and fixed-cost components in the company's material-handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.)
Transcribed Image Text:Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material-handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock. Knight compiled the following data Month January February March April May June July August September October November December Units of Activity (hundreds of pounds of equipment loaded or unloaded) Problem 6-42 Part 1 3,700 3,500 3,200 2,900 4,100 4,300 3,900 3,700 4,500 3.000 3,100 3,300 Material-Handling Department Costs $13,600 13,200 12,200 12,100 13,000 15,400 13,900 13,300 14,400 12,000 13,25€ 13,250 Required: 1. Construct an Excel spreadsheet and use the Excel commands to perform a least-squares regression. Estimate the variable- and fixed-cost components in the company's material-handling department costs. (Do not round intermediate calculations. Round the Variable-cost component to 2 decimal places and the Fixed-cost component to the nearest whole dollar amount.)
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