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Category > Accounting Posted 25 Apr 2017 My Price 15.00

Cost Estimation, High-Low Method, Regression Analysis

8-51    Cost Estimation, High-Low Method, Regression Analysis DVD Express is a large manufacturer of affordable DVD players. Management recently became aware of rising costs resulting from returns of malfunctioning products. As a starting point for further analysis, Bridget Forrester, the controller, wants to test different forecasting methods and then use the best one to forecast quarterly expenses for 2010. The relevant data for the previous three years follows:

 

2007

Quarter

ReturnExpenses

2008

Quarter

ReturnExpenses

2009

Quarter

ReturnExpenses

1

$15,000

1

$16,200

1

$16,600

2

17,500

2

17,800

2

18,100

3

18,500

3

18,800

3

19,000

4

18,600

4

17,700

4

19,200

 

The result of a simple regression analysis using all 12 data points yielded an intercept of $16,559.09 and a coefficient for the independent variable of $183.22. (R-squared = .27, t = 1.94, SE = 1128).

Required

1.    Calculate the quarterly forecast for 2010 using the high-low method and regression analyses. Recom- mend which method Bridget should use and explain why.

2.    How does your analysis in requirement 1 change if DVD Express manufactures its products in multiple global production facilities to serve the global market?

Answers

Alpha Geek
(8)
Status NEW Posted 25 Apr 2017 08:04 AM My Price 15.00

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file 1493109658-1336244_1_636286488937230261_Answer.docx preview (166 words )
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