How much is the total cost of producing 150 grams of honey if the company uses the least squares method.ANSWER IN GOOD ACCOUNTING FORM. THANK YOU:) The cost accountant of Sweet Company recorded these cost of producing honeybee:DaysGrams ProducedTotal Cost IncurredMon100751,000600TuesWed25400Thur1501,5001,600600Fri175Sat50Sun1251,300

The Cost Function under least squares method = y = a + bx Where y = Total Cost a = Total Fixed Cost…

Answered: The cost accountant of Sweet Company…

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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Ralston Dairy gathered this data about the two products that it produces: Products Current SalesValue Estimated AddedProcessing Costs Sales Value IfProcessing Further Frozen yogurt $8,100 $1,900 $10,900 Ice cream 11,900 7,100 17,900 Which of the products should be processed further? because profits $fill in the blank 3.
Perreth Drycleaners has capacity to clean up to 5,000 garments per month. Requirements 1. Complete the schedule below for the three volumes shown. 2. Why does the average cost per garment change? 3. Suppose the owner, David Perreth, erroneously uses the average cost per unit at full capacity to predict total costs at a volume of 2,000 garments. Would he overestimate or underestimate his total costs? By how much? Requirement 1. Complete the following schedule for the three volumes shown. (Round all unit costs to the nearest cent and all total costs to the nearest whole dollar.) 2,000 3,500 5,000 Garments Garments Garments Total variable costs Total fixed costs Total operating costs Variable cost per garment Fixed cost per garment Average cost per garment $ 1,750 2.00
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h7
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Cole Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: (Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution marain per square foot to two decimal places.) Units displayed per square foot: Designer Moderately priced Contribution margin per unit Contribution margin per square foot of display space Capacity-Square feet of display space Total contribution margin at capacity Show Transcribed Text Data table CO Average sale price Average variable costs Average contribution margin Average fixed costs (allocated) Average operating income. Designer $ $ Ĉ Product Moderately Priced Per Item Designer Moderately Priced 210 $ 100 110 15 95 $ 85 21 64 5 59 The Cole Company store in Grand Junction, Colorado, has 15,000 square feet of floor space. If Cole…
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The cost accountant of Sweet Company recorded these cost of producing honeybee: Days Mon Grams Produced Total Cost Incurred 100 75 P 1,000 600 400 1,500 1,600 600 Tues Wed 25 Thur 150 Fri Sat 175 50 Sun 125 1,300