the equation of the high low method Given information: Highest cost of purchase is $17,280. Highest quantity purchased is 4,068. Lower cost of purchase value is $10,272. Lower number of quantity purchased is 2,316.

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Answer 1

Question

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

3.

To determine

To explain: Regression equation to the equation based method

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

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Answer 2

Question

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

3.

To determine

To explain: Regression equation to the equation based method

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

3.

To determine

To explain: Regression equation to the equation based method

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

3.

To determine

To explain: Regression equation to the equation based method

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

3.

To determine

To explain: Regression equation to the equation based method

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Answer 6

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

Answer 7

Chapter 10, Problem 10.27E

1.

To determine

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

Answer 8

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Answer 9

2.

To determine

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Answer 10

3.

To determine

To explain: Regression equation to the equation based method

Answer 11

3.

To determine

To explain: Regression equation to the equation based method

Answer 12

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Answer 13

4.

To determine

To explain: the comparison of the expected cost of the month October , November and December

Given information:

Slope coefficient is $3.67.

Intercept coefficient is $2,135.5.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

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the equation of the high low method Given information: Highest cost of purchase is $17,280. Highest quantity purchased is 4,068. Lower cost of purchase value is $10,272. Lower number of quantity purchased is 2,316.

the equation of the high low method Given information: Highest cost of purchase is $17,280. Highest quantity purchased is 4,068. Lower cost of purchase value is $10,272. Lower number of quantity purchased is 2,316.

future expected cost of the three months Given information: Slope coefficient is $4 Intercept coefficient is $1,008. Quantity purchased in October is 3,360. Quantity purchased in November is 3,720. Quantity purchased in December is 3,000

To explain: Regression equation to the equation based method

To explain: the comparison of the expected cost of the month October , November and December Given information: Slope coefficient is $3.67. Intercept coefficient is $2,135.5. Quantity purchased in October is 3,360. Quantity purchased in November is 3,720. Quantity purchased in December is 3,000

Want to see the full answer?

Chapter 10 Solutions

the equation of the high low method

Given information:

Highest cost of purchase is $17,280.

Highest quantity purchased is 4,068.

Lower cost of purchase value is $10,272.

Lower number of quantity purchased is 2,316.

future expected cost of the three months

Given information:

Slope coefficient is $4

Intercept coefficient is $1,008.

Quantity purchased in October is 3,360.

Quantity purchased in November is 3,720.

Quantity purchased in December is 3,000