The costs of a book printer for the last several months are as follows: Press Setup Cost May June July August September October November December Titles Printed 27 $3,245 28 $3,278 40 $3,763 22 $3,071 38 $3,682 36 $3,626 Variable cost Fixed cost 37 33 $3,629 $3,520 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) per title printed per month

The costs of a book printer for the last several months are as follows: Press Setup Cost May June July August September October November December Titles Printed 27 $3,245 28 $3,278 40 $3,763 22 $3,071 38 $3,682 36 $3,626 Variable cost Fixed cost 37 33 $3,629 $3,520 Management believes that the press setup cost is a mixed cost that depends on the number of titles printed. (A specific book that is to be printed is called a "title". Typically, thousands of copies will be printed of each title. Specific steps must be taken to setup the presses for printing each title-for example, changing the printing plates. The costs of these steps are the press setup costs.) Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method. (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) per title printed per month

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5TIF

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