How would you describe each of the costs

Assignment Help Accounting Basics
Reference no: EM131713494

Question: An expert is analyzing the cost behavior patterns of the defendant in an antitrust dispute. The expert plans to use the information to prepare a damage estimate. The expert analyzed 30 months of cost and sale data for the Downtown Department Store. The results of regression-correlation analyses on the store's six cost categories regressed against sales dollars are as follows: Account Cost of goods sold Store salaries Store utilities Store maintenance Advertising Corporate overhead a value b value r squared $45,000 .46 .88 $65,000 .055 .72 $26,000 .015 .34 $14,000 .08 .035 $26,000 .01 .001 $75,000 .025 .045

a. Use the cost behavior data presented above to make a point estimate of expected costs and net income for the month of July (assuming sales of $980,000).

b. How would you describe (categorize) each of the costs?

c. How strong do you feel about estimations you made in part a?

Reference no: EM131713494

Questions Cloud

Evolution of terrorism : Based on your understanding of terrorism at this early point in the course, Do you think terrorism has been on the rise over the past few years?
Discuss the movie the matrix : Remember the movie the Matrix? The central idea was this question: How do I know that right now I am not really in a vat full of goo
Compute fixed and variable components of the travel agency : Using the high-low method of cost estimation, compute the fixed and variable components of the travel agency's monthly operating costs.
Calculate the non-controlling interests in the group : Prepare the elimination Journal entries required for the consolidation as at 30 June 2016. Calculate the Non-controlling interests in the group.
How would you describe each of the costs : An expert is analyzing the cost behavior patterns of the defendant in an antitrust dispute. The expert plans to use the information to prepare a damage.
Discuss illegal immigration is certainly a hot topic : Illegal Immigration is certainly a hot topic and one that resonates with me because of my career
Describe three characteristics of an effective communicator : Describe three characteristics of an effective communicator; then, suggest two ways you can improve your own communication.
Development of the message strategy : Once the creative brief is complete, you will then move into the development of the message strategy.
Discusses the interviewing of elites as a research technique : Discusses the interviewing of elites as a qualitative research technique. However, there are many that challenge the notion of elite interviewing

Reviews

Write a Review

Accounting Basics Questions & Answers

  Module 9 assignment the following information was available

module 9 assignment the following information was available for hamilton industries for the year 20xx inventories 1-jan

  How can you use accounting to manage your personal finances

How can you use accounting to manage your personal What are some of the possible risks if you don't keep track of personal transactions?

  Discus what is the accounting equation

The collection of a $5,700 accounts receivable is recorded as an increase in Cash, $5,700, and a decrease in Accounts Receivable, $5,700.

  How would go about finding the expected return on a stock

How would you go about finding the expected return on a stock? Note how such information would be used in the stock selection process.

  What do just-in-time jit manufacturers demand from their

1. the just-in-time jit philosophy attempts to reduce setup times which will a. increase batch sizes b. not affect

  How the inventory error affect van dyke pool supplies cost

How would the inventory error affect Van Dyke Pool Supplies' cost of goods sold and gross profit for the year ended December 31, 2016

  Carlos bought stock in year one for 1000 in year three when

carlos bought stock in year one for 1000. in year three when the stock is worth 10000 he donates the stock to alma

  Jimenez enterprises issued 9 8-year 2600000 par value bonds

jimenez enterprises issued 9 8-year 2600000 par value bonds that pay interest semiannually on october 1 and april 1.

  Profitability index of the project

The management of Crail Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The present value of the cash inflows would be $60,180. The profitability index of the proj..

  Beaver company a multi-product firm produces 5000 units of

beaver company a multi-product firm produces 5000 units of product x each year. each unit of product x sells for 8 and

  Analyze four eras of business

Examine the four eras of business and make a prediction for what the next era will be like. Explain the rationale behind your prediction.

  Assume the total increase to grant incs 2012 net income

grant inc. acquired 30 of south companys common stock for 350000 on january 1 2011. during 2011 south company reported

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd