Homework Help is Here – Start Your Trial Now!
Business
Accounting
Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R-squared Number of observations X coefficient Month July August September October November December The regression output was based on the following data: Number of Color Copy Color Copies 25,900 23,000 19,550 18,150 22,150 20,400 Req 1 30.874686 0.970922 Req 2 Variable cost 0.081144 6 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y= a + bx. Req 3 Department Costs $ 2,095 1,955 1,600 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y = a + bx. 6. If copies are made during January, what is the total cost predicted each method? 1,475 1,815 1,725 Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 6 What is the variable cost per color copy for TOSS? Note: Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6). per color copy (in cents)

Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R-squared Number of observations X coefficient Month July August September October November December The regression output was based on the following data: Number of Color Copy Color Copies 25,900 23,000 19,550 18,150 22,150 20,400 Req 1 30.874686 0.970922 Req 2 Variable cost 0.081144 6 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y= a + bx. Req 3 Department Costs $ 2,095 1,955 1,600 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y = a + bx. 6. If copies are made during January, what is the total cost predicted each method? 1,475 1,815 1,725 Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 6 What is the variable cost per color copy for TOSS? Note: Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6). per color copy (in cents)

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 5P: Consider the following time series data: Construct a time series plot. What type of pattern exists...
See similar textbooks
icon
Related questions
Question

1

Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R-squared Number of observations X coefficient Month July August September October November December The regression output was based on the following data: Number of Color Copy Color Copies 25,900 23,000 19,550 18, 150 22,150 20,400 30.874686 0.970922 Req 1 6 0.081144 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y= a + bx. Req 2 Variable cost Department Costs $ 2,095 1,955 1,600 1,475 1,815 1,725 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y = a + bx. 6. If 22,800 copies are made during January, what is the total cost predicted by each method? Req 3 Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 6 What is the variable cost per color copy for TOSS? Note: Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6). per color copy (in cents)
Transcribed Image Text:Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous high-tech and bio-tech companies. Making color copies is one of its most popular and profitable services. The controller performed a regression analysis of data from the Color Copy Department with the following results: Intercept R-squared Number of observations X coefficient Month July August September October November December The regression output was based on the following data: Number of Color Copy Color Copies 25,900 23,000 19,550 18, 150 22,150 20,400 30.874686 0.970922 Req 1 6 0.081144 Required: 1. What is the variable cost per color copy for TOSS? 2. What is the fixed cost for the Color Copy Department? 3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y= a + bx. Req 2 Variable cost Department Costs $ 2,095 1,955 1,600 1,475 1,815 1,725 5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department. 5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y = a + bx. 6. If 22,800 copies are made during January, what is the total cost predicted by each method? Req 3 Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 6 What is the variable cost per color copy for TOSS? Note: Enter your answer in cents, rounded to 1 decimal place (i.e., $0.076 should be entered as 7.6). per color copy (in cents)
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials of Business Analytics (MindTap Course …
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
Essentials Of Business Analytics
Statistics
ISBN:
9781285187273
Author:
Camm, Jeff.
Publisher:
Cengage Learning,
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage
SEE MORE TEXTBOOKS