User Account

All Pages

What is the method of least squares

Assignment Help Accounting Basics
Reference no: EM131673534

Question: Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation to predict the cost of receiving. Ninety-six data points from monthly data were used for the regression. The following computer output was received:

Intercept       23,100

Slope                316

The driver used was number of parts inspected.

Required: 1. What is the cost formula?

2. Using the cost formula from Requirement 1, identify each of the following: independent variable, dependent variable, variable rate, and fixed cost per month.

3. Using the cost formula, predict the cost of receiving for a month in which 2,500 parts are inspected.

Reference no: EM131673534

Questions Cloud

What is the variable rate for airplane depreciation : High-Low Method, Cost Formulas Refer to the information for Fly High Airlines above. Use the high-low method to answer the following questions.
Determine best baking quantity to maximize profit : Analyze your results to determine the best baking quantity to maximize profit. What is the cost of lost profits under these conditions?
Do you believe one technique is better than the other : Do you believe one technique is better than the other? Why or why How would you employ this technique within your organization? What changes would you adopt?
Develop annual cost formulas for airplane depreciation : Changing the Cost Formula for a Month to the Cost Formula for a Year Refer to the information for Fly High Airlines above.
What is the method of least squares : Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation to predict the cost of receiving.
Develop talent within your current or former organization : Describe three effective ways to develop talent within your current or former organization and how they would support the organization's goals.
Determine how to access the pipeline for your industry : Analyze how the talent pipeline offers the best candidates to organizations, and determine how to access the pipeline for your industry or profession.
Ethical and moral concepts to all clinical interventions : Establish a therapeutic environment within the scope of Enrolled/Division 2 nurse practice - Demonstrate communication styles to de-escalate Behavioural
Create a formula for the monthly cost of flash drives : Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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