the relationship between the number of the order and the total cost

Question

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Answer 1

Question

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

4.

To determine

To identify: DF is break even this season or not

5.

To determine

average number of orders per week to break even

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Answer 2

Question

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

4.

To determine

To identify: DF is break even this season or not

5.

To determine

average number of orders per week to break even

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

4.

To determine

To identify: DF is break even this season or not

5.

To determine

average number of orders per week to break even

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

4.

To determine

To identify: DF is break even this season or not

5.

To determine

average number of orders per week to break even

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

4.

To determine

To identify: DF is break even this season or not

5.

To determine

average number of orders per week to break even

Answer 6

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

Answer 7

Chapter 10, Problem 10.31P

1.

To determine

To explain: the relationship between the number of the order and the total cost

Answer 8

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

Answer 9

2.

To determine

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.

Answer 10

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

Answer 11

3.

To determine

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

Answer 12

4.

To determine

To identify: DF is break even this season or not

Answer 13

4.

To determine

To identify: DF is break even this season or not

Answer 14

5.

To determine

average number of orders per week to break even

Answer 15

5.

To determine

average number of orders per week to break even

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 10 - What two assumptions are frequently made when...Ch. 10 - Describe three alternative linear cost functions.Ch. 10 - What is the difference between a linear and a...Ch. 10 - High correlation between two variables means that...Ch. 10 - Name four approaches to estimating a cost...Ch. 10 - Describe the conference method for estimating a...Ch. 10 - Describe the account analysis method for...Ch. 10 - List the six steps in estimating a cost function...Ch. 10 - When using the high-low method, should you base...Ch. 10 - Describe three criteria for evaluating cost...

the relationship between the number of the order and the total cost

To explain: the relationship between the number of the order and the total cost

cost equation by using the high, low method and draw the regression line Given information: Highest cost value is $25,275. Highest number of orders per week is 529. Lower cost value is $19,605. Lower number of service report is 353.

To explain: Draw the regression line and by using the line evaluate the economic plausibility, Goodness of the F and significance of independent variables

To identify: DF is break even this season or not

average number of orders per week to break even

Want to see the full answer?

Chapter 10 Solutions

cost equation by using the high, low method and draw the regression line

Given information:

Highest cost value is $25,275.

Highest number of orders per week is 529.

Lower cost value is $19,605.

Lower number of service report is 353.