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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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 |
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