MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
17th Edition
ISBN: 9781265574826
Author: Garrison
Publisher: MCG
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Textbook Question
Chapter 5.A, Problem 5E
EXERCISE 5A-5 Least-Squares Regression LO5-11
George Caloz & Freres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks:
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week.
Required:
- Prepare a scattergraph plot. (Plot etching costs on the vertical axis and units on the horizontal axis.)
- Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. Express these estimates in the form Y= a+bX.
- If the company processes five units next week, what would be the expected total etching cost? (Round your answer to the nearest cent.)
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Exercise 5A-5 (Algo) Least - Squares Regression [LO5-11] Skip to question George Caloz & Frères, located in Grenchen,
Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes
through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total
Etching Cost 1 6 $ 21 2 7 23 3 11 28 4 12 27 5 13 28 6 14 29 63 $ 156 For planning purposes, management would like to
know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the
company processes fifteen units next week, what would be the expected total etching cost? (Round your intermediate
calculations and final answer to 2 decimal places.)
Required information
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the
company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs
as follows over the last six weeks:
Week
123456
Units
17
11
W3
13
12
14
Reg 2A
47
17
84
Total Etching
Cost
$ 26
20
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost
per week.
604
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y = a + bx.
Req 2B
24
22
25
28
$ 145
Complete this question by entering your answers in the tabs below.
Fixed etching cost per week
Variable etching cost per unit
Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per
week. (Round your answers to 2 decimal…
Question 16
Direct Labor
Order Allocation Rate
Machine Time Allocation Rate
Request
(Easy-Medium) Use the information below to answer the questions that follow.
$
$
$
38.00 per hour
46.55 $ of OH / order
2.83 $ of OH / machine hour
Place the answer to each part of the question in the box provided.
Under job costing, how much overhead will be applied to a unit that takes 0.5 hours to produce and is part of an order for 100 units?
Under job costing, how much overhead will be applied to a unit that takes 2 hours to produce and is part of an order for 10 units?
What is the total cost of the first product if materials are $2.50 and a person must be present to run the machines?
What is the total cost of the second product if materials are $1 and a person must be present to run the machines for half the total time?
Chapter 5 Solutions
MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
Ch. 5.A - EXERCISE 5A-1 High-Low Method LO5-10 The Cheyenne...Ch. 5.A - EXERCISE 5A-2 Least-Squares Regression LO5-11...Ch. 5.A - EXERCISE 5A-3 Cost Behavior; High-Low Method...Ch. 5.A - Prob. 4ECh. 5.A - EXERCISE 5A-5 Least-Squares Regression LO5-11...Ch. 5.A - Prob. 6PCh. 5.A - Problem 5A-7 Cost Behavior; High-Low Method;...Ch. 5.A - Problem 5A-8 High-Low Method; Predicting Cost...Ch. 5.A - Prob. 9PCh. 5.A - Prob. 10P
Ch. 5.A - Case 5A-11 Mixed Cost Analysis and the Relevant...Ch. 5.A - CASE 5A-12 Analysis of Mixed Costs in a Pricing...Ch. 5 - Prob. 1QCh. 5 - Often the most direct route to a business decision...Ch. 5 - Prob. 3QCh. 5 - What is the meaning of operating leverage?Ch. 5 - What is the meaning of break-even point?Ch. 5 - 5-6 In response to a request from your immediate...Ch. 5 - Prob. 7QCh. 5 - Prob. 8QCh. 5 - Prob. 9QCh. 5 - Prob. 1AECh. 5 - Prob. 2AECh. 5 - Prob. 3AECh. 5 - Prob. 4AECh. 5 - Prob. 5AECh. 5 - Prob. 1F15Ch. 5 - Prob. 2F15Ch. 5 - Prob. 3F15Ch. 5 - Prob. 4F15Ch. 5 - Prob. 5F15Ch. 5 - Prob. 6F15Ch. 5 - Prob. 7F15Ch. 5 - Prob. 8F15Ch. 5 - Prob. 9F15Ch. 5 - Prob. 10F15Ch. 5 - Prob. 11F15Ch. 5 - Prob. 12F15Ch. 5 - Prob. 13F15Ch. 5 - Prob. 14F15Ch. 5 - Prob. 15F15Ch. 5 - Prob. 1ECh. 5 - Prob. 2ECh. 5 - Prob. 3ECh. 5 - Prob. 4ECh. 5 - Prob. 5ECh. 5 - Prob. 6ECh. 5 - Prob. 7ECh. 5 - Prob. 8ECh. 5 - Prob. 9ECh. 5 - EXERCISE 5-10 Multiproduct Break-Even Analysis...Ch. 5 - Prob. 11ECh. 5 - EXERCISE 5-12 Multiproduct Break-Even Analysis...Ch. 5 - EXERCISE 5-13 Changes in Selling Price, Sales...Ch. 5 - Prob. 14ECh. 5 - Prob. 15ECh. 5 - Prob. 16ECh. 5 - Prob. 17ECh. 5 - Prob. 18ECh. 5 - Prob. 19PCh. 5 - PROBLEM 5-20 CVP Applications: Break-Even...Ch. 5 - PROBLEM 5-21 Sales Mix; Multiproduct Break-Even...Ch. 5 - Prob. 22PCh. 5 - Prob. 23PCh. 5 - Prob. 24PCh. 5 - Prob. 25PCh. 5 -
PROBLEM 5-26 CVP Applications; Break-Even...Ch. 5 - Prob. 27PCh. 5 - Prob. 28PCh. 5 - Prob. 29PCh. 5 - Prob. 30PCh. 5 -
PROBLEM 5-31 Interpretive Questions on the CVP...Ch. 5 - Prob. 32C
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