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 places.)
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 places.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter13: Lean Manufacturing And Activity Analysis
Section: Chapter Questions
Problem 3PA: Lean accounting Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar...
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