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 50 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?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Proteomes and their relationship to cell structure, function, and organization. Proteomes and their relationship to cell structure, function, and organization.
Leaf structure and its relationship to the C4 cycle Leaf structure and its relationship to the C4 cycle
The relationship between RH and temperature. The relationship between RH and temperature.
How to determine if a function is even or odd How to determine if a function is even or odd
How to calculate fuel costs How to calculate fuel costs
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library