The controller of Cullumber Industries has collected the following monthily expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January $1890 270 February 2.970 360 March 3,400 470 April 4,610 685 May 3.220 440 June 4,910 710 July 4,120 645 August 3.880 530 September 5.160 660 October 4,380 620 November 3,240 360 December 6,290 730 (a) Determine the fixed-and variable-cost components using regression analysis (We recommend the use of Excel) (Round fixed cost to 3 decimal places es. 1.252 and variable cost to 5 decimal places eg. 1.25125.) Fixed costs Variable-cost

The controller of Cullumber Industries has collected the following monthily expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January $1890 270 February 2.970 360 March 3,400 470 April 4,610 685 May 3.220 440 June 4,910 710 July 4,120 645 August 3.880 530 September 5.160 660 October 4,380 620 November 3,240 360 December 6,290 730 (a) Determine the fixed-and variable-cost components using regression analysis (We recommend the use of Excel) (Round fixed cost to 3 decimal places es. 1.252 and variable cost to 5 decimal places eg. 1.25125.) Fixed costs Variable-cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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Subject: accounting
Answer 7,8,9
give the classification of the following: Cost B, Cost D and Cost E