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 61 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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Relationship between winter rainfall and chuckwalla, Sauromalus, size Relationship between winter rainfall and chuckwalla, Sauromalus, size
Relationship between the number of CAG repeats in a gene and the age of onset of Huntington disease. Relationship between the number of CAG repeats in a gene and the age of onset of Huntington disease.
How to determine if a table of values represents a function How to determine if a table of values represents a function
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ... The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ...
Sketch the graph using the tables providing. Determine if each function is continuous or ... Sketch the graph using the tables providing. Determine if each function is continuous or ...
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library