Required: 1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round variable cost to 2 decimal places.) Fixod cost Variable cost per unit 2. If the company produces 28 gas fireplaces next week, what are the expected total quality control costs? (Round intermediate and final value to 2 decimal places.) Total expected oost
Required: 1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round variable cost to 2 decimal places.) Fixod cost Variable cost per unit 2. If the company produces 28 gas fireplaces next week, what are the expected total quality control costs? (Round intermediate and final value to 2 decimal places.) Total expected oost
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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Transcribed Image Text:Serenity Living manufactures gas fireplaces for home use. Each unit produced goes through a complex quality control process. The
company has observed quality control costs as follows over the past 16 weeks
Total Quality
Control Costs
$ 670
$ see
$ 75e
$ 430
$ 630
$ 700
$ 603
$ 615
$ 533
$ 566
$ 629
$ 743
$ 685
$ 471
$ 518
$ 727
Units
Produced
32
Week
23
38
4
20
in
26
35
28
29
6.
25
10
11
27
30
12
37
13
34
14
22
15
24
16
44
For planning purposes, the company's management wants to know the amount of variable quality control costs per unit and the total
fixed quality control costs per week.
Transcribed Image Text:fixed quality control costs per week.
Required:
1. Using the least-squares regression method, estimate the variable and fixed elements of the quality control cost. (Round variable
cost to 2 decimal places.)
Fixed cost
Vanable cost
per unit
2. If the company produces 28 gas fireplaces next week, what are the expected total quality control costs? (Round intermediate and
final value to 2 decimal places.)
Total expected cost
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