Please do not give solution in image format thanku The controller of Sandhill Industries has collected the following monthly cost data for analyzing the behavior ofelectricity costsJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember(a)TotalElectricity Costs$2.360.3,0503,5004,8003.220Fixed costs4,8504,1503,8005,16042103.3206,2505TotalMachine HoursUnit variable costs 5270360500690Determine the fixed costs and unit variable costs using regression analysis (We recommend the use of Excel)(Round hxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g.1.25125)440760640570675620360780Amachine hour

Fixed Cost - Fixed Costs are the cost which remains the same over a certain level of output…

The controller of Sandhill Industries has collected the following monthly cost data for analyzing the behavior of electricity costs January February March April May June July August September October November December (a) Total Electricity Costs $2.360 3,050 3,500 4,800 3,220 4,850 Fixed costs 4,150 3,800 5,160 4210 3,320 6,250 Unit variable costs Total Machine Hours 270 360 500 690 440 760 640 Determine the fixed costs and unit variable costs using regression analysis (We recommend the use of Excel) (Round hxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g. 1.25125) 570 675 620 360 780 Amachine hour

The controller of Sandhill Industries has collected the following monthly cost data for analyzing the behavior of electricity costs January February March April May June July August September October November December (a) Total Electricity Costs $2.360 3,050 3,500 4,800 3,220 4,850 Fixed costs 4,150 3,800 5,160 4210 3,320 6,250 Unit variable costs Total Machine Hours 270 360 500 690 440 760 640 Determine the fixed costs and unit variable costs using regression analysis (We recommend the use of Excel) (Round hxed cost to 3 decimal places e.g. 1.252 and variable cost to 5 decimal places e.g. 1.25125) 570 675 620 360 780 Amachine hour

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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