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Author Question: The H.W. Grant Corporation used regression analysis to predict the annual cost of indirect ... (Read 53 times)

Capo

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on: Mar 6, 2021

Question 1

The coefficient of determination is important in explaining variances in estimating equations. For a certain estimating equation, the unexplained variation was given as 22,000. The total variation was given as 55,000. What is the coefficient of determination for the equation?
◦ 2.50
◦ 0.40
◦ 0.60
◦ 1.40

Question 2

The H.W. Grant Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: 

 Indirect Materials Cost Explained by Units Produced
Constant$15,640
Standard error of Y estimate$3,600
r20.7704
Number of observations22
X coefficient(s)11.25
Standard error of coefficient(s)2.19

What is the cost estimation equation?
◦ Y = $15,640 + $11.25X
◦ Y = $3,600 + $8.67X
◦ Y = $19,240 + $5.14X
◦ Y = $12,040 + $11.25X
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Capo on Mar 6, 2021

sierrahalpin

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Reply #1 on: Mar 6, 2021
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Capo

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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