In preparing the annual profit plan for the coming year, wilkens company wants to determine the cost behavior pattern of the maintenance costs. wilkens has decided to use linear regression by employing the equation y = a + bx for maintenance costs. the prior year's data regarding maintenance hours and costs, and the results of the regression analysis are given here. hours maintenance of activity costs sum 4,480 $43,200 average 400 3,600 average cost per hour = $9.00; a = 684.65; b = 7.2884; standard error of a = 49.515; standard error of b = .12126; standard error of the estimate = 34.469; r2 = .99724. based upon the data derived from the regression analysis, 420 maintenance hours in a month would mean the maintenance costs (rounded to the nearest dollar) would be budgeted at:
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 12:00, bbyniah123
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
Business, 22.06.2019 17:30, samanthaepperson
The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?
Answers: 1
Business, 22.06.2019 18:00, mcckenziee
When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?
Answers: 1
Business, 22.06.2019 21:10, dezmondpowell
Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?
Answers: 3
You know the right answer?
In preparing the annual profit plan for the coming year, wilkens company wants to determine the cost...
Questions in other subjects:
Health, 25.02.2020 05:17
Mathematics, 25.02.2020 05:18
Mathematics, 25.02.2020 05:18
