Please do not give solution in image format thanku )Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below.Activity22Cost$121$132Period 1Period 2Period 3Period 4282129$117$134Using the least-squares regression method, what is the cost formula for this cost?Multiple ChoiceY-$75.50 $2.02XY $72.64 $2.13XY-$0.00 $5.04XY-$75.89 $1.02X

As per the given information: ActivityCostPeriod 122$121Period 228$132Period 321$117Period 429$134…

Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Activity 22 Cost $121 28 21 29 Period 1 Period 2 Period 3 Period 4 $132 $117 $134 Using the least-squares regression method, what is the cost formula for this cost? Multiple Choice Y-$75.50+$2.02X Y-$72.64 $2.13X Y-$0.00 $5.04X Y-$75.89 $102X

Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Activity 22 Cost $121 28 21 29 Period 1 Period 2 Period 3 Period 4 $132 $117 $134 Using the least-squares regression method, what is the cost formula for this cost? Multiple Choice Y-$75.50+$2.02X Y-$72.64 $2.13X Y-$0.00 $5.04X Y-$75.89 $102X

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4E: Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total...

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Question

Please do not give solution in image format thanku

)
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below.
Activity
22
Cost
$121
$132
Period 1
Period 2
Period 3
Period 4
28
21
29
$117
$134
Using the least-squares regression method, what is the cost formula for this cost?
Multiple Choice
Y-$75.50 $2.02X
Y $72.64 $2.13X
Y-$0.00 $5.04X
Y-$75.89 $1.02X

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