This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Vanco Industries wanted to determine the relationship between its monthly operating costs and a ... (Read 62 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jan 5, 2020
Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)




At Vanco Industries what is the variable cost per machine hour (rounded to the nearest cent)?
◦ $0.90
◦ $143.98
◦ $0.98
◦ $2,413.21
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ec501234 on Jan 5, 2020

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 36% of students answer this correctly


nevelica

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jan 5, 2020
Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)




At Vanco Industries what is the fixed cost (round to nearest cent)?
◦ $0.98
◦ $2,413.21
◦ $143.98
◦ $0.90


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jan 5, 2020
$2,413.21


wrbasek0

  • Hero Member
  • *****
  • Posts: 560
Reply #4 on: Jan 5, 2020
Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)




At Vanco Industries what is the cost equation based upon the results of the regression analysis?
◦ y = $0.90x
◦ y = $2,413.21x + $0.90
◦ y = $2,413.21 + $0.90x
◦ y = $0.90 + $2,413.21


dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #5 on: Jan 5, 2020
y = $2,413.21 + $0.90x


Awilson837

  • Hero Member
  • *****
  • Posts: 509
Reply #6 on: Jan 5, 2020
Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)




At Vanco Industries what is closest to the total cost if the firm uses 4,000 machine hours?
◦ $3,589.15
◦ $2,413.21
◦ $9,652,855.04
◦ $6,002.36


bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #7 on: Jan 5, 2020
$6,002.36


ap345

  • Hero Member
  • *****
  • Posts: 537
Reply #8 on: Jan 5, 2020
Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (Note: only a portion of the regression analysis results is presented here.)




At Vanco Industries what is closest to the total cost if the firm uses 5,000 machine hours?
◦ $12,066,068.80
◦ $6,899.65
◦ $4,486.43
◦ $2,413.21


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #9 on: Jan 5, 2020
$6,899.65


« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Relationship between body size and seed size in Galapagos finch species Relationship between body size and seed size in Galapagos finch species
Young adults usually grieve loss of a role, such as employment or the breakup of a relationship. Young adults usually grieve loss of a role, such as employment or the breakup of a relationship.
Dose–response relationship. Dose–response relationship.
5-4 The relationship between vapor pressure and temperature—in this case for water. As the ... 5-4 The relationship between vapor pressure and temperature—in this case for water. As the ...
Fetus Development Weekly vs. Monthly Fetus Development Weekly vs. Monthly
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
Video: Chemical Changes

For a complete list of videos, visit our video library