Ef 118. [The following information applies to the questions displayed below.]Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. Inreviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101over the last five terms:TermFall, last yearWinter, last yearSummer, last year.Fall, this yearWinter, this year.Number ofSectionsOffered4Required 2A Required 2B373752Fixed cost per termVariable cost per section52Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated withthe course. He would like to have the variable and fixed costs separated for planning purposes.Total Cost$ 13,000$ 7,5002-a. Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101.2-b. Express these estimates in the form Y = a + bx.$ 21,400$ 1,345$ 13,500$ 10,000$ 6,500Complete this question by entering your answers in the tabs below.Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance101. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below.Required 2A Required 2BExpress these estimates in the form Y = a + bx. (Round your intermediate calculations and final answers to the nearest wholedollar amount.)Y= $ 21,400 + $ 556 X< Required 2ARequired 2B

Regression Equation Y = a + bx n= 5

Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Fixed cost per term Variable cost per section $ 21,400 $ 1,345

Using the least-squares regression method, estimate the variable cost per section and the total fixed cost per term for Finance 101. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Fixed cost per term Variable cost per section $ 21,400 $ 1,345

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Prior (Past) service cost is expensed immediately using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.
The requirements of a 'provision' or a 'contingent liability in compliance with MFRS137
er 31, 2020 al analysis encil only, ennies blank aper properly. lines as
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours 18.3 Wait time Process time Move time Queue time 1. 1 Inspection time 0.1 2.0 9.1 The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculations to 1 decimal place.)
What is covered by Regulation S–K?
State four (4) main criticisms against the adoption of IFRSs in some countries.
What are some exceptions to UBIT provided by legislation?