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 11 Aug 2017 My Price 7.00

Magnano Inc

Magnano Inc.'s inspection costs are listed below:

   

Units Produced

Inspection Costs
 

February

927

$4579
 

March

948

$4645
 

April

968

$4701
 

May

911

$4538
 

June

958

$4676
 

July

894

$4475
 

August

974

$4760
 

September

878

$4412


Management believes that inspection cost is a mixed cost that depends on units produced.

 

Using the least-squares regression method, the estimate of the variable component of inspection cost per unit produced is closest to (Do not round intermediate calculations. Round your final answer to 2 decimal places.):
  $3.28
  $3.33
  $4.72
  $3.30

Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to (Do not round intermediate calculations.):
  $4,604
  $4,789
  $1,494
  $1,522

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 05:08 PM My Price 7.00

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