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What is Newport variable cost per unit

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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

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