1 answer

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

Question:

Armer Company is accumulating data to use in preparing its annual profit plan for the coming year. The cost behavior patternMaintenance Machine Cost Month Hours $ 4,350 3,150 3,750 2,970 4,500 3,110 3,180 4,620 4,410 4,200 3,450 3,310 $45,000 $ 3,75Multiple Choice $3,256.05 to $3,369.37 one of None of these answer choices are correct. $3,278.24 to $3,34718 $3,25703 to $3,

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: Maintenance Machine Month Cost Hours $ 4,350 3,150 3,750 2,970 4,500 3,110 3,180 4,620 4,410 4,200 3,450 3,310 $45,000 $ 3,750 540 380 460 360 560 370 380 580 550 530 410 400 5,520 460 $ 8.00 $ 397.35 7.2884 34.469 0.99724 Jan. Feb. Mar. Apr. May June July Aug Sept. Oct. Nov. Dec. Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared
Maintenance Machine Cost Month Hours $ 4,350 3,150 3,750 2,970 4,500 3,110 3,180 4,620 4,410 4,200 3,450 3,310 $45,000 $ 3,750 540 380 460 360 560 370 380 580 550 530 410 400 5,520 460 $ 8.00 $ 397.35 7.2884 34.469 0.99724 60.1050 Jan. Feb. Mar. Apr. May June July Aug Sept Oct. Nov. Dec Sum Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b At 400 hours of activity, Armer management can be approximately two-thirds confident that the maintenance costs will be in the range of
Multiple Choice $3,256.05 to $3,369.37 one of None of these answer choices are correct. $3,278.24 to $3,34718 $3,25703 to $3,368.36. $3,291.74 to $3,333.80.

Answers

ω, calculating Annex management ean be appso ximateus cost is Confident that themaintana y maintaance cose 3 3 o 3333 degaee11 60 メ ” H60 întexcept, a $ 397.35 tsen that :- maintanance cost 司 0+1 廾ere nt1 at b. t (7.8889) (400) 317 . 3s8o8oo 12 ニ3312- + | 35-0549乂1.078a] = 3312 .7 97.1966 3312- t 37 구966 33 ia-7-3구-7966 3274.90.3 33350 4966 option- 3 ΐ8 covec

.

Similar Solved Questions

1 answer
7. Identify the Center for Disease Control (CDC) regulations that impact healthcare practices 8. Define coaching...
7. Identify the Center for Disease Control (CDC) regulations that impact healthcare practices 8. Define coaching a patient as it relates to: a. health maintenance b. disease prevention c. compliance with treatment plan d. community resources e. adaptations relevant to individual patient needs. (V.C....
1 answer
A zoo is building a new giraffe exhibit and needs to fence an outdoor triangular area,...
A zoo is building a new giraffe exhibit and needs to fence an outdoor triangular area, with the barn forming one side of the triangle. The maintenance department has only 123 ft of fencing in stock. If one of the sides of the outdoor pen is 70 ft and the angle that it makes with the barn is 73°,...
1 answer
Answer the following questions related to immunity. Describe the differences between cell-mediated immunity and antibody-mediated immunity....
Answer the following questions related to immunity. Describe the differences between cell-mediated immunity and antibody-mediated immunity. Describe the differences between innate/natural immunity and acquired immunity. What is the antibody-antigen complex (AB-AG)? Describe the roles of the T c...
1 answer
A 160-N child sits on a light swing and is pulled back and held with a...
A 160-N child sits on a light swing and is pulled back and held with a horizontal force of 100 N. The magnitude of the tension force of each of the two supporting ropes is:...
1 answer
Question 2: Consider two populations of consumers (A and B) Their demand for good X is...
Question 2: Consider two populations of consumers (A and B) Their demand for good X is given by the two equations below Q = 50-P Q = 50-2P If the market price is P=30$, what is the total quantity demand by the whole population? A) 10 units B) 15 units C) 20 units D) None of the above...
1 answer
A. Suppose you take a sample of size n from a population and calculate a statistic...
A. Suppose you take a sample of size n from a population and calculate a statistic from that sample. The statistic could be a sample proportion p, a sample mean x, or another statistic. Then suppose we repeat this process over and over again until we find all possible samples of size n from the popu...
1 answer
How large a sample should be taken if the population mean is to be estimated with...
How large a sample should be taken if the population mean is to be estimated with 99% confidence to within $67? The population has a standard deviation of $893. (Round your answer up to the next whole number.) You may need to use the appropriate table in Appendix B to answer this question....
1 answer
Please show all work A.)Choose the statement below that is TRUE. a.If K < 1, the...
Please show all work A.)Choose the statement below that is TRUE. a.If K < 1, the reaction is spontaneous in the forward direction. b. If K < 1, the reaction is spontaneous in the reverse direction. c, If K < 1, the reaction is at equilibrium. d. Not enough information is given. ...
1 answer
Find the dimension of the subspace of all vectors in R’whose second and third entries are...
Find the dimension of the subspace of all vectors in R’whose second and third entries are equal. OA 3 O 8.4 och op1 OE 7 OF 2 O G5...
1 answer
During World War II, a.government purchases of goods and services increased fivefold. b. the economy's production...
During World War II, a.government purchases of goods and services increased fivefold. b. the economy's production increased about 25 percent. c. unemployment fell to about 5%. d. All of the above are correct....
1 answer
5. In the microwave spectrum of 12C16O, the J1 rotational transition has been measured at 115 271.204 MHz. Calculate the value of the moment of inertia and the internuclear separation re in CO. D...
5. In the microwave spectrum of 12C16O, the J1 rotational transition has been measured at 115 271.204 MHz. Calculate the value of the moment of inertia and the internuclear separation re in CO. Discuss the factors limiting the accuracy of re as compared to that of the spectroscopic measurement. (10 ...
1 answer
How do you calculate moles of solute?
How do you calculate moles of solute?...
2 answers
If every seven digit whole neumber is a possible phone number, except those that begin with 0 or 1, what fraction of telephone numbers begin with 9 and end with 0
If every seven digit whole neumber is a possible phone number, except those that begin with 0 or 1, what fraction of telephone numbers begin with 9 and end with 0?...
1 answer
Magnetic Field of a Current Carrying Cylindar WITH DIAGRAM/PICTURE
A solid cylindrical conductor is supported by insulating disks on the axis of a conducting tube with outer radius Ra = 6.25 cm and inner radius Rb = 4.05 cm. The central conductor and the conducting tube carry equal currents of I= 3.35 A in opposite directions. The currents are distributed...
1 answer
PLEASE PLEASE BE SURE THE ANSWER IS RIGHT, THANKS ! Required information For a bolted assembly...
PLEASE PLEASE BE SURE THE ANSWER IS RIGHT, THANKS ! Required information For a bolted assembly with six bolts, the stiffness of each bolt is kb = 2.6 Mlbf/in and the stiffness of the members is km = 15 Mlbf/in per bolt. An external load of 80 kips is applied to the entire joint. Assume the load is e...
1 answer
This Question: 10 pts 10 of 20 (1 complete) This Test: 200 pts possible Question Help...
This Question: 10 pts 10 of 20 (1 complete) This Test: 200 pts possible Question Help * In a test of weight loss programs, 140 subjects were divided such that 35 subjects followed each of 4 diets. Each was weighed a year after starting the diet and the results are in the ANOVA table below. Use a 0.0...
1 answer
Prove AB _ BC__ AC aven. DEEF DE Prove: <A><D
Prove AB _ BC__ AC aven. DEEF DE Prove: <A><D...