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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Dillenbeck Printing Cor., a book printer, has provided the following data:
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Titles Printed Press Setup Cost
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FebruaryAc€¦.. 33 $3,170
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MarchAc€¦Ac€¦. 34 $3,203
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AprilAc€¦Ac€¦Ac€¦ 46 $3,688
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MayAc€¦Ac€¦Ac€¦. 28 $2,996
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JuneAc€¦Ac€¦Ac€¦. 44 $3,607
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JulyAc€¦Ac€¦Ac€¦.. 42 $3,551
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AugustAc€¦Ac€¦. 43 $3,586
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SeptemberAc€¦39 $3,413
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Management believes that the cost of the call center is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.)
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Require:
Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method
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