cesRequired Information.George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of thecompany's products, a platinum diving watch, goes through an etching process. The company has recorded etching costsas follows over the last six weeks:12345Units54545410Req 2A161760Total EtchingCost5 222125202832For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching costper week.$ 1482-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week..2-b. Express these estimates in the form Y=a+bXComplete this question by entering your answers in the tabs below.eq 28Express these estimates in the form Y= a + bx. (Round your answers to 2 decimal places.)< Req2AReg 213

X Y XY X2 5 22 110 25 7 21 147 49 10 25 250 100 5 20 100 25 16 28 448 256 17 32 544 289…

Answered: 2-a. Using the least-squares regression…

2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Ya+bX

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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! Required information George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 2 3 4 5 6 Units 10 4 12 5 10 15 56 Total Etching Cost $ 27 20 27 22 25 29 $ 150 For planning purposes, management wants to know the variable etching cost per unit and the total fixed etching cost per week. Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a +bX. 3. If the company processes thirteen units next week, what would be the expected total etching cost? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 3 Using the least-squares regression method, estimate the variable etching cost per unit and the total…
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 ASAWNE 2 3 4 5 Units 12 3 8 8 8 11 50 Total Etching Cost $ 32 20 26 27 25 30 $ 160 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the company processes fourteen units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Expected total etching cost
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 13 $ 24 2 11 21 3 16 31 4 15 25 5 18 31 6 18 32 91 $ 164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bX.
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 13 $ 24 2 11 21 3 16 31 4 15 25 5 18 31 6 18 32 91 $ 164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
Required information George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 123456 Units 17 11 W3 13 12 14 Reg 2A 47 17 84 Total Etching Cost $ 26 20 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 604 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bx. Req 2B 24 22 25 28 $ 145 Complete this question by entering your answers in the tabs below. Fixed etching cost per week Variable etching cost per unit Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. (Round your answers to 2 decimal…
George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 4 $ 18 2 3 17 3 8 25 4 6 20 5 7 24 6 2 16 30 $ 120 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Static) 3. If the company processes five units next week, what would be the expected total etching cost?
Required information George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units 7 2 30 Total Etching Cost $18 17 25 20 24 Expected total etching cost 16 $120 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 3. If the company processes five units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
2 George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 123456 Units 9 6 11 5 7 14 52 Total Etching Cost $ 25 20 30 21 21 32 $ 149 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) 3. If the company processes eighteen units pext week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.) Answer is complete but not entirely correct. $ 38.00 X Expected total etching cost
George Caloz & Freres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: ing Cost Week 1 $54 ANAS $45 2 $36 3 4 6 Units 9 6 11 5 7 10 48 For planning purposes, management wants to know the variable etching cost per unit and the total fixed etching cost per week. Required: 1. Prepare a scattergraph plot. (Plot etching costs on the vertical axis and units on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Week 1) to plot units on the horizontal axis and total etching cost on the vertical axis. 2. Repeat the same process for the plotter tools (Week 2 to Week 6). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. Total Etching Cost $ 27 20 31 20 24 30 $ 152…
Ceso Corporation manufactures and sells custom snowmobiles. From the time an order is placed till the time the snowmobile reaches the customer averages 50 days. This 50 days is spent as follows: Wait time: 10 days Move time: 5 days Process time: 15 days Queue time: 15 days Inspection time: 5 days What is it's manufacturing cycle efficiency (MCE) for its snowmobiles? 30.0% 37.5% 40.0% 60.0%
Nash Corporation manufactures and sells custom snowmobiles. From the time an order is placed till the time the snowmobile reaches the customer averages 50 days. This 50 days is spent as follows: Wait time: 10 days Move time: 5 days Process time: 15 days Queue time: 15 days Inspection time: 5 days What is Nash's manufacturing cycle efficiency (MCE) for its snowmobiles?
Look Good Jewels (LGJ) is considering a special order for 30 handcrafted gold bracelets for a wedding. The gold bracelets are to be given as gifts to members of the wedding party. The normal selling price of a gold bracelet is $295.00 and its unit product cost is $214.00, as shown: Materials Direct labour Manufacturing overhead Unit product cost $ 110.00 64.00 40.00 $ 214.00 S The manufacturing overhead is largely fixed and unaffected by variations in how much jewellery is produced in any given period. However, 20% of the overhead is variable with respect to the number of bracelets produced. The customer interested in the special bracelet order would like special filigree applied to the bracelets. This would require additional materials costing $2.00 per bracelet and would also require acquisition of a special tool costing $440 that would have no other use once the special order was completed. This order would have no effect on the company's regular sales, and the order could be…