Month January February March April May June July August September October November December Rental Returns Fixed cost per month Variable cost per rental return 2,400 2,500 2,800 3,100 3,700 5,100 5,600 5,600 4,800 4,100 2,200 3,000 Car Wash Costs: $ 11,400 $ 13,300 $ 12,200 $ 14,900 $ 16,600 $ 24,100 $ 22,600 $ 23,200 $ 23,200 $ 22,300 $ 11, 100 $ 15,600 Exercise 5A-2 Part 2 (Algo) 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. Note: Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.

Month January February March April May June July August September October November December Rental Returns Fixed cost per month Variable cost per rental return 2,400 2,500 2,800 3,100 3,700 5,100 5,600 5,600 4,800 4,100 2,200 3,000 Car Wash Costs: $ 11,400 $ 13,300 $ 12,200 $ 14,900 $ 16,600 $ 24,100 $ 22,600 $ 23,200 $ 23,200 $ 22,300 $ 11, 100 $ 15,600 Exercise 5A-2 Part 2 (Algo) 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. Note: Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 4BE

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