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Author Question: Vanco Industries wanted to determine the relationship between its monthly operating costs and a ... (Read 138 times)

ec501234

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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
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Marked as best answer by ec501234 on Jan 5, 2020

jharrington11

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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.
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nevelica

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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

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Reply #3 on: Jan 5, 2020
$2,413.21


wrbasek0

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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

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Reply #5 on: Jan 5, 2020
y = $2,413.21 + $0.90x


Awilson837

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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

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Reply #7 on: Jan 5, 2020
$6,002.36


ap345

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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

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Reply #9 on: Jan 5, 2020
$6,899.65


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