Leslie sporting goods is a locally owned store that

Assignment Help Accounting Basics

Reference no: EM13578328

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue.

A portion of Leslie's operating information for the company's last year follows:

Month	Number of Jerseys Printed	Operating Cost
January	185	$ 4,845
February	220	5,865
March	200	5,755
April	575	8,655
May	630	9,270
June	685	9,780
July	430	6,225
August	320	6,010
September	375	6,135
October	280	5,970
November	270	5,920
December	195	4,960

Required :

Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey.

(Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)


Variable Cost per Unit	$9.87
Fixed Cost	$3,019

Using the high-low method results, calculate the store's expected operating cost if it printed 480 jerseys.

(Round your answer to the nearest whole number.)

Total Cost

$ 7,757

Perform a least-squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical

package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.)

	Coefficients
Intercept
X Variable 1

6.	Using the regression output, create a linear equation (y = a + bx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.)

Total Costs =

(Number of Jerseys)

Using the least-squares regression results, calculate the store's expected operating cost if it prints 645 jerseys.

(Round your intermediate calculations and final answer to 2 decimal places.)

Reference no: EM13578328

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