Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 8.00

Pizza Vesuvio company

Cornerstone Exercise 14-19 USING REGRESSION TO CALCULATE FIXED COST, CALCULATE THE VARIABLE RATE, CONSTRUCT A COST FORMULA, AND DETERMINE BUDGETED COST

Refer to the Pizza Vesuvio company information in Cornerstone Exercise 14-16. Coeffi- cients shown by a regression program for this data are:

 

Intercept                       1,145

X Variable                   13.82

 

 

Required:

Use the results of regression to make the following calculations:

1.        Calculate the fixed cost of labor and the variable rate per employee hour.

2.        Construct the cost formula for total labor cost.

3.        Calculate the budgeted cost for next month, assuming that 675 employee hours are budgeted. Round answers to the nearest dollar.

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Status NEW Posted 23 Aug 2017 11:08 PM My Price 8.00

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