cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

Question

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Answer 1

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

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Answer 2

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 6

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Answer 7

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Answer 8

2.

To determine

To construct: The graph of the of the cost faction and comment on that

Answer 9

2.

To determine

To construct: The graph of the of the cost faction and comment on that

Answer 10

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 11

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 10 - What two assumptions are frequently made when...Ch. 10 - Describe three alternative linear cost functions.Ch. 10 - What is the difference between a linear and a...Ch. 10 - High correlation between two variables means that...Ch. 10 - Name four approaches to estimating a cost...Ch. 10 - Describe the conference method for estimating a...Ch. 10 - Describe the account analysis method for...Ch. 10 - List the six steps in estimating a cost function...Ch. 10 - When using the high-low method, should you base...Ch. 10 - Describe three criteria for evaluating cost...

cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

To construct: The graph of the of the cost faction and comment on that

Regression analysis: Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable. Predicted maintenance cost in quarter 13 Given information: Slope coefficient is $2. Intercept coefficient is $0.

Want to see the full answer?

Chapter 10 Solutions

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.