Required informationGeorge Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of thecompany's products, a platinum diving watch, goes through an etching process. The company has recorded etching costsas follows over the last six weeks:Total EtchingWeekUnits113Cost$ 24211213163141525518316183291$ 164For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching costper 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.Complete this question by entering your answers in the tabs below.Req 2AReq 2BExpress these estimates in the form Y = a + bx.Note: Round your answers to 2 decimal places.Y =

To solve this problem, we need to use the least-squares regression method to estimate the variable…

Answered: Required information George Caloz &…

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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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 Units 7 2 30 Total Etching Cost $18 17 25 20 24 Expected total etching cost 16 $120 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 3. If the company processes five units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
Answer with formula please
I just need help with question 2 (the multiple choice one) thank you
Carib Tings & More does hand-crafted memorabilia for the tourism industry, in which each batch of items is a job. The company has a highly machine intensive production process, so it allocates manufacturing overhead based on machine hours. Carib Tings & More pre-determined overhead application rate for 2024 was computed from the following data: Total estimated factory overheads $2,400,000 Total estimated machine hours 40,000 At the end of May 2024, Carib Tings & More reported work in process inventory of $176,000. During June 2024, Carib Tings & More actually used 3,000 machine hours and recorded the following transactions. Purchased $324,000 worth of materials on account. Separately, Carib Tings & More paid a $2,500 bill for freight in. i) ii) Manufacturing wages incurred $400,000 iii) Materials requisitioned (includes $30,000 of indirect materials) $420,000 iv) Assigned manufacturing wages, 85% direct labour, 15% indirect labour v) Depreciation expense on factory equipment used on…
A9
ces 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: 1 2 3 4 5 Units 5 45454 10 Req 2A 16 17 60 Total Etching Cost 5 22 21 25 20 28 32 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. $ 148 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 Complete this question by entering your answers in the tabs below. eq 28 Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.) < Req2A Reg 213
Q.Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver.
Helping tags: Accounting, Cost Accounting . . . WILL UPVOTE, just pls help me answer the following with complete solutions. Thanks!

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