Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134128528
Author: Karen W. Braun, Wendy M. Tietz
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 6.12SE
1.
To determine
To explain: The method (high-low method or regression analysis) which result in more accurate cost equation for the data pictured in the scatterplot.
2.
To determine
To provide: Interpretation of the given R-square of the hotel in light of the lowest and highest possible R-square values.
3.
To determine
To explain: Whether predicting the utilities costs for other room-night volumes within the same relevant range is right or not from the management point of view.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
In the learning curve equation Y = aXb, the Y term represents:
Multiple Choice
the cumulative number of units.
the labor time required to produce the first unit.
the index of learning.
the labor time required to produce the last single unit.
Assume there are 3,600 cases in the validation dataset, and 12% of these cases have a value of 1 for
churn (the primary/positive event). Questions a) to c) are based on data for the 3,600 cases (see
table below).
Depth
(% Contacted)
Model
Cumulative Gain
Cumulative Lift
Decision Tree
34.42
6.84
Logistic Regression
Neural Network
20.19
4.01
34.62
6.88
Decision Tree
Logistic Regression
Neural Network
10
64.90
6.06
10
36.06
3.15
10
62.50
5.54
Decision Tree
15
73.96
1.82
Logistic Regression
Neural Network
15
49.04
2.62
15
82.21
3.97
Decision Tree
Logistic Regression
20
78.39
0.87
20
59.13
2.01
Neural Network
20
86.54
0.86
a) Which model has the highest Cumulative Lift at a depth of 20%? What is the lift?
b) If the Cumulative Gain at a depth of 10% for the Decision Tree is converted to number of
primary/positive event cases, what will be the number of cases? Show your calculation.
c) If the Cumulative Gain at a depth of 15% for the Neural Network model is converted to number
of…
Define learning curve. Outline two models that can be used when incorporating learning into the estimation of cost functions.
Chapter 6 Solutions
Managerial Accounting (5th Edition)
Ch. 6 - (Learning Objective 1) A graph of a variable cost...Ch. 6 - (Learning Objective 2) Which of the following is...Ch. 6 - (Learning Objective 2) In the cost equation...Ch. 6 - Prob. 4QCCh. 6 - Prob. 5QCCh. 6 - (Learning Objective 3) Which of the following is...Ch. 6 - Prob. 7QCCh. 6 - (Learning Objective 5) Which of the following is...Ch. 6 - Prob. 9QCCh. 6 - Prob. 10QC
Ch. 6 - Identify cost behavior (Learning Objectives 1 2)...Ch. 6 - Prob. 6.2SECh. 6 - Compute fixed costs per unit (Learning Objective...Ch. 6 - Prob. 6.4SECh. 6 - Predict and graph total mixed costs (Learning...Ch. 6 - Prob. 6.6SECh. 6 - Prepare and analyze a scatterplot (Learning...Ch. 6 - Prob. 6.8SECh. 6 - Use the high-low method (Learning Objective 4)...Ch. 6 - Prob. 6.10SECh. 6 - Prob. 6.11SECh. 6 - Prob. 6.12SECh. 6 - Write a cost equation given regression output...Ch. 6 - Prepare a contribution margin income statement...Ch. 6 - Prepare income statements using variable costing...Ch. 6 - Prepare income statements using variable costing...Ch. 6 - Identify cost behavior graph (Learning Objectives...Ch. 6 - Prob. 6.18SECh. 6 - Prob. 6.19SECh. 6 - Prob. 6.20AECh. 6 - Prepare income statement in two formats (Learning...Ch. 6 - Prob. 6.22AECh. 6 - Prob. 6.23AECh. 6 - Sustainability and cost estimation (Learning...Ch. 6 - Create a scatterplot (Learning Objective 3) Melody...Ch. 6 - Continuation of E6-25A: High-low method (Learning...Ch. 6 - Continuation of E6-25A: Regression analysis...Ch. 6 - Regression analysis using Excel output (Learning...Ch. 6 - Prob. 6.29AECh. 6 - Using the high-low method to predict overhead for...Ch. 6 - Using regression analysis output to predict...Ch. 6 - Performing a regression analysis to predict...Ch. 6 - Prob. 6.33AECh. 6 - Prob. 6.34AECh. 6 - Compare absorption and variable costing (Learning...Ch. 6 - Prepare a contribution margin income statement...Ch. 6 - Prepare a contribution margin income statement...Ch. 6 - Prepare income statements using variable costing...Ch. 6 - Prepare a variable costing income statement given...Ch. 6 - Prob. 6.40AECh. 6 - Prob. 6.41BECh. 6 - Prepare income statement in two formats (Learning...Ch. 6 - Use unit cost data to forecast total costs...Ch. 6 - Prob. 6.44BECh. 6 - Sustainability and cost estimation (Learning...Ch. 6 - Create a scatter plot (Learning Objective 3) Tammy...Ch. 6 - Continuation of E6-46B: High-low method (Learning...Ch. 6 - Prob. 6.48BECh. 6 - Prob. 6.49BECh. 6 - Prob. 6.50BECh. 6 - Using the high-low method to predict overhead for...Ch. 6 - Using regression analysis output to predict...Ch. 6 - Prob. 6.53BECh. 6 - Prob. 6.54BECh. 6 - Prob. 6.55BECh. 6 - Prob. 6.56BECh. 6 - Prob. 6.57BECh. 6 - Prob. 6.58BECh. 6 - Prob. 6.59BECh. 6 - Prepare a variable costing income statement given...Ch. 6 - Prob. 6.61BECh. 6 - Analyze cost behavior at a hospital using various...Ch. 6 - Analyze cost behavior (Learning Objectives 1, 2,...Ch. 6 - Prob. 6.64APCh. 6 - Prob. 6.65APCh. 6 - Prob. 6.66APCh. 6 - Analyze cost behavior at a hospital using various...Ch. 6 - Analyze cost behavior (Learning Objectives 1, 2,...Ch. 6 - Prepare traditional and contribution margin income...Ch. 6 - Prob. 6.70BPCh. 6 - Prob. 6.71BPCh. 6 - Prob. 6.72SCCh. 6 - Cost Behavior in Real Companies Choose a company...Ch. 6 - Ethics of building inventory (Learning Objective...Ch. 6 - Prob. 6.76ACT
Knowledge Booster
Similar questions
- Only answer the weighted average. Please use excel and take a screenshot of it with formula.arrow_forwardPart 3: Kolb's Learning style inventory a. Briefly describe Kolb's Learning Style Model b. Take the test and identify your preferred learning style (Diverging, Assimilating, Converging or Accommodating) based on the test. Discuss whether you think that this is true.arrow_forwardConsider the major components of a balanced scorecard. Which of the following is not one of those components? Learning and Growth Cost Financial Customerarrow_forward
- Compute interrater reliability by running a paired t test for the essay score 1 with the essayscore 2. Interpret your output following the guide in the Interpretation of Output 6.2arrow_forwardNote that some problems cannot be easily calculated by using calculator. Such questions are marked with “Excel”. For such questions You can write down the proper excel formula as the answer. You may need to use formulas such PV, FV, RATE, PMT and NPER. When you need to use these formulas, you need to follow the same manner of expression as we did in the classroom: for example, PV (rate= …, nper=…, pmt=…, FV=…).arrow_forwardConsider the two air conditioning systems detailed below. Use AW analysis to determine the sensitivity of the economic decision to MARR values of 4%,6%, and 8%. Work this problem (a) by hand and (b) by spreadsheet.arrow_forward
- Consider the accompanying set of dependent and independent variables. The variable x3 is qualitative with M = Male and F = Female. Complete parts a and b below. Click the icon to view the set of variables. a. Using technology, construct a regression model using all three independent variables. (Let variable Gender be the dummy variable for x3. Assign a 1 to a male.) Complete the regression equation for the model below, where x3 represents the dummy variable Gender. + (Round to three decimal places as needed.) Variables y x1 X2 17 X3 M 651M 9116 9 16 15 17 20 5 5 9 7 11 13 11 F 127M 272F TIM D 34 24 28 15 21 7 4 M F Print Done - Xarrow_forwardGIVEN THE FOLLOWING DATA, COMPUTE FOR THE FOLLOWING: 1. STRAIGHT LINE METHOD 2. ARITHMETIC GEOMETRIC CURVE 3. STATISTICAL PARABOLIC CURVE WRITE A RECOMMENDATION REGARDING THE RESULTS AND WHICH OF THE NETHOD IS BEST FIT FOR THE DATA. Nate: answer on a separate document. Use excel in compute. 2. Supposed this is Yc (straightline) 450,000 370,000 750,000 1,100,000 1,500,000 1,000,000 1,700,000 2,000,000 1,900,000 2,300,000 Yi + 1 (Geometric) YEAR SALES 415,000 1 356,000 703,556 1,023,400 1,308,905 900,573 1,504,789 1,705,932 1,895,890 2,094,256 450,000 370,000 750,000 1,100,000 1,500,000 1,000,000 1,700,000 2,000,000 1,900,000 2,300,000 2011 2012 2013 3 2014 4. 2015 2016 6. 2017 2018 8 2019 2020 10arrow_forwardCan you show step-by-step working, using the Gordon Growth model for calculating the the answer for cheers and think local without using excel?arrow_forward
- Which of the following methods of cost estimation relies on only two data points?A. the high-low methodB. account analysisC. least-squares regressionD. SWOT analysis.arrow_forwardAdditionally, regarding the project, please do not assume that the reader is familiar with the subject areas that you are writing about. Therefore, definitions, assumptions, facts, and analyses are required in this assignment. Further, there are four questions that are being asked. Three questions need supporting calculations to validate your answers. Please help me by showing the calculations and assumptions in each of the answers, otherwise I will receive an 0. Kindly show your calculations. Also, a review of Learning Objective 4 in chapter 21 would be a good place to start with this assignment (Lease Capitalization, Bargain purchase Option.) Below are the questions for your convenience. What ethical issue is at stake? Should the controller's argument be accepted if she does not really know much about copier technology? Would it make a difference if the controller were knowledgeable about the rate of change in copier technology? What should Suffolk do?arrow_forwardConsider the following set of dependent and independent variables. Complete parts a through c below. y 9 11 D 15 15 21 24 28 32 X1 2 6 6 8 6 11 15 20 X2 16 10 14 11 3 8 7 4 a. Using technology, construct a regression model using both independent variables. y= (15.3952) + (1.0092) x₁ + (-0.5869)x2 (Round to four decimal places as needed.) b. Test the significance of each independent variable using α = 0.05. Test the significance of x₁. Identify the null and alternative hypotheses. Ho B₁ = H₁ B₁ 0 0 (Type integers or decimals.) Calculate the appropriate test statistic. The test statistic is 4.20 (Round to two decimal places as needed.) Determine the appropriate critical value(s) for α = 0.05. The critical value(s) is (are) ☐ (Round to two decimal places as needed. Use a comma to separate answers as needed.)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Essentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage Learning
Essentials Of Business AnalyticsStatisticsISBN:9781285187273Author:Camm, Jeff.Publisher:Cengage Learning,
Fundamentals Of Financial Management, Concise Edi...FinanceISBN:9781337902571Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning
Fundamentals of Financial Management, Concise Edi...FinanceISBN:9781285065137Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning
Fundamentals of Financial Management, Concise Edi...FinanceISBN:9781305635937Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
Essentials Of Business Analytics
Statistics
ISBN:9781285187273
Author:Camm, Jeff.
Publisher:Cengage Learning,
Fundamentals Of Financial Management, Concise Edi...
Finance
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Fundamentals of Financial Management, Concise Edi...
Finance
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Fundamentals of Financial Management, Concise Edi...
Finance
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning