answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ostrovityanka [42]
2 years ago
12

Armer Company is accumulating data to use in preparing its annual profit plan for the coming year. The cost behavior pattern of

the maintenance costs must be determined. The accounting staff has suggested the use of linear regression to derive an equation for maintenance hours and costs. Data regarding the maintenance hours and costs for the last year and the results of the regression analysis follow:
Month
Maintenance Cost
Machine Hours
Jan.
$
4,200


480

Feb.

3,000


320

Mar.

3,600


400

Apr.

2,820


300

May

4,350


500

June

2,960


310

July

3,030


320

Aug.

4,470


520

Sept.

4,260


490

Oct.

4,050


470

Nov.

3,300


350

Dec.

3,160


340

Sum
$
43,200


4,800

Average
$
3,600

$
400

Average cost per hour

$
9.00

a (intercept)

$
684.65

b (coefficient)


7.2884

Standard error of the estimate


34.469

R-squared


0.99724

t-value for b


60.105



At 400 hours of activity, Armer management can be approximately two-thirds confident that the maintenance costs will be in the range of
Business
1 answer:
kykrilka [37]2 years ago
3 0
Idk djjdjdkekksndbjdnennensnxndnnd
You might be interested in
Which of the following is an example of the gambler’s fallacy? Question 20 options: "I know the chances of winning the lottery a
Flauer [41]

Answer:

THE LOTTERY ONE #IM 13 MY SISTERS IN COLLAGE

Explanation:

6 0
2 years ago
According to the video, Industrial Production Managers need which qualities? Check all that apply.
zepelin [54]

Answer: ability to handle stress

desire for responsibility

Explanation:

Industrial production managers are the individuals who oversee the daily operations of the plants in an organization.

They are responsible for the coordination, and the planning of the activities that are used in the creation of different goods.

According to the video, the qualities needed by Industrial Production Managers include the ability to handle stress and the desire for responsibility.

7 0
2 years ago
Read 2 more answers
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
morpeh [17]

Answer:

c. $112,800

Explanation:

The computation of operating income is shown below:-

= (Contribution margin of blink division × Increase sales percentage) - Fixed cost of blink division - Allocated common costs of blink division - Allocated common costs of blur division

= ($218,000 × 135%) - $93,000 - $48,000 - $40,500

= $294,300 - $93,000 - $48,000 - $40,500

= $112,800

5 0
2 years ago
A real option enables the investor to buy an option for a small initial investment, hold it until a decision point arrives, and
Degger [83]

The statement,"A real option enables the investor to buy an option for a small initial investment, hold it until a decision point arrives, and then exercise or abandon the option." is False .

<u>Explanation: </u>

A real option is to give corporate investment options to a company's executives. It is called "actual" because it usually refers to projects that involve a tangible asset rather than a financial product. Physical assets such as equipment, capital assets and the products are tangible assets.

The decision to extend or delay or wait or to leave a proposal may be real options. Real options require decisions or preferences that give people discretion and possible benefits when making financial decisions.

6 0
2 years ago
In 2014, a farmer grows and sells $3 million worth of corn to big flakes cereal company. big flakes cereal company produces $8 m
fenix001 [56]
Domestic gross product (GDP) is used for overall monitoring of an economy. In this regard, it measures the well-being of the  society.

In the current scenario, the funds invested was $3 million while the overall value of the harvest was $8 million. In this regard, the overall contribution to the GDP in 2014 due to the transactions described is the overall harvest and that is $8 million worthy of cereal.
5 0
2 years ago
Other questions:
  • When Smashburger founder Tom Ryan discusses the challenges the company had finding the right price​ point, he mentions that if t
    10·1 answer
  • At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
    10·1 answer
  • Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,400 on
    5·2 answers
  • In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, Andrew not
    9·1 answer
  • Gomez runs a small pottery firm. He hires one helper at $15,000 per year, pays annual rent of $6,500 for his shop, and spends $2
    7·1 answer
  • Kristie is a 30% partner in the KKM Partnership. During the current year, KKM reported gross receipts of $280,000 and a charitab
    8·1 answer
  • Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
    15·1 answer
  • A manager reorders lubricant when the amount on hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally dis
    12·2 answers
  • The Azuza Company owns no plant assets and had the following income statement for the year:
    5·1 answer
  • Elizabeth Pie Company has been in business for 50 years and has developed a large group of loyal restaurant customers. Giant Bak
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!