What is Newport variable cost per unit

Assignment Help Managerial Accounting
Reference no: EM132848832

PROBLEM - Airline, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:

Regression Statistics

Multiple R 0.7225

R Square 0.8500

Observations 30

Constant 38,000

Coefficient 5.75

Standard error 0.4641

Requirements -

1. What is Newport's total fixed cost?

2. What is Newport's variable cost per unit?

3. What total cost would Newport predict for a month in which they sold 5,000 units?

4. What proportion of variation in Newport's cost is explained by variation in production?

Reference no: EM132848832

Questions Cloud

Project Charter development : Project Charter development - Leadership structure (project manager and his or her senior aides: list the roles and explain what each does in the project)
What ties still bound americans together during the period : Given the differences between the two regions, was a Civil War inevitable? What ties still bound Americans together during this period?
Make any necessary adjusting entry by Rho Inc : Make any necessary adjusting entry by Rho Inc. to record the results of the impairment test at the end of 2019
What was the effect of the library on franklin : Explain Franklin's quest for moral perfection. What process did he use? Be specific. How successful was he? Which virtues did find most challenging to maintain?
What is Newport variable cost per unit : Airline, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: What is Newport variable cost per unit
Why did pratt oppose reservations : What did Pratt mean by asserting that "our greatest mistake [is] in feeding our civilization to the Indians instead of feeding the Indians to our civilization"?
Why does hobbes compare government to the human body : What does Hobbes mean when he says that "nature hath made men so equal in the faculties of body and mind..." ? What are the consequences of this equality?
When historians call civil war a second american revolution : Explain What is meant when historians call the Civil War a second American Revolution. Your answer should define the term revolution in terms of political
What Equity in Investee Income should MikeCo report : During that year, JAY acquired inventory for $51,000, which it then sold to MikeCo for $85,000. What Equity in Investee Income should MikeCo report

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the range of prices if a transfer should occur

Should a transfer occur if Southwestern can increase sales and production volumes to 60,000 sets annually by dropping the sales price to $27.50?

  Find what is consolidated cost of sales

Find What is consolidated cost of sales? During 20X2, Parent sold merchandise to Sub for $100,000, at a gross profit to Parent of $40,000.

  Compute paisley company free cash flow for the current year

Compute Paisley Company's free cash flow for the current year.

  Why sales forecast so important in developing master budget

Why is the sales forecast so important in developing the master budget? When would the master budget profit equal the flexible budget profit?

  Determine the unit costs of production

Compute equivalent units of production for materials and for conversion costs - Determine the unit costs of production.

  List four limitations of a bcg

In a BCG Matrix, would the Question Mark quadrant or the Cash Cow quadrant be more desirable? Explain. List four limitations of a BCG

  How long does take the company on average

If the inventory turnover ratio is 6 times, how long does it take the company, on average, to sell all of its inventory?six months/six weeks

  Find required sales in units to achieve target net income

Compute the required sales in units to achieve its target net income.Wildhorse Corporation has fixed costs of $258,500. It has a unit selling price of $9.40.

  Compute the percentage increase in profit

Compute the percentage increase in profit that would result if DRU is able to increase attendance by 20 percent over the original plan (to a total of 420)

  What are the complexities in the budget prepared

Identify the sources of your information, the assumptions you made and your approach for assessing the reasonability of the budget inputs.

  What is the cost of goods manufactured for the month

What is the cost of goods manufactured for the month? The beginning work-in-process inventory is $16,000 and the ending work-in-process inventory is $9,000.

  Compute the revised annual depreciation expense

Assuming a revised estimated total life of 5 years and no change in the salvage value, compute the revised annual depreciation expense and make the entry.

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