Question
In: Accounting
Month # Machine Hours (X) Maintenance Costs (Y) Jan 3,000 $440 Feb 4,500 $690 Mar 8,000...
| Month | # Machine Hours (X) |
Maintenance Costs (Y) |
|
| Jan | 3,000 | $440 | |
| Feb | 4,500 | $690 | |
| Mar | 8,000 | $510 | |
| Apr | 7,000 | $600 | |
| May | 6,000 | $550 | |
| Jun | 9,000 | $980 | |
| Jul | 3,500 | $840 | |
| Aug | 5,500 | $600 |
What does the slope represent?
|
the rate at which the X variable changes as a result of the Y variable |
|
the rate at which the Y variable changes as a result of the X variable |
|
the rate at which the dependent variable changes as a result of the fixed cost component |
|
the rate at which the independent variable changes as a result of changes in the dependent variable |
Solutions
Expert Solution
|
Month |
# Machine |
Maintenance |
|
|
Jan |
3,000 |
$440 |
|
|
Feb |
4,500 |
$690 |
|
|
Mar |
8,000 |
$510 |
|
|
Apr |
7,000 |
$600 |
|
|
May |
6,000 |
$550 |
|
|
Jun |
9,000 |
$980 |
|
|
Jul |
3,500 |
$840 |
|
|
Aug |
5,500 |
$600 |
.
What does the slope
represent?
.
|
the rate at which the X variable changes as a result of the Y variable |
|
the rate at which the Y variable changes as a result of the X variable |
|
the rate at which the dependent variable changes as a result of the fixed cost component |
|
the rate at which the independent variable changes as a result of changes in the dependent variable |
.
Ans: the rate at which the Y variable changes as a result of the X variable
.
**Because the slope represents the rate of change in y as x changes. Because y is dependent on x, the slope describes the predicted values of y given x
.
**Here the Y dependable variable and X is in-dependable variable
.
The cost function is = Y = a + bx
Y = slop intercept, which mean here total cost
b = Slop of coefficient = variable cost
X = activity level = in-dependable variable
.
**Here all other options are wrong
.**It is used in the regression analysis
ekkarill92 answered 1 year agoRelated Solutions
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Machine X costs $248,751 and has annual operating and
maintenance costs of $9,980. Machine Y costs $264,500 and has
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15 15 11 18 16 18 19 20 23 22 This exercise contains only parts b
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Month Sales (2005) Sales (2006) Jan 5 21 Feb 8 20 Mar 10 29 Apr 18...
Month
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Mar
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Apr
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May
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Jun
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Jul
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Aug
20
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Sep
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26
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Consider the following data: Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14...
Consider the following data:
Monthly Profit of an Auto Repair Shop
Month
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Profit ($)
17,123
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16,055
18,138
19,763
17,310
19,131
18,578
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Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the following relationship holds:
Maintenance Costs = (v * Machine Hours)...
Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the
following relationship holds:
Maintenance Costs = (v *
Machine Hours)...
Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the following relationship holds:
Maintenance Costs = (v * Machine Hours)...
Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the following relationship holds:
Maintenance Costs = (v * Machine Hours)...
Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the following relationship holds:
Maintenance Costs = (v * Machine Hours)...
Month Machine Hours (hrs.) Maintenance Costs ($) 1 1,330 102,694 2 1,400 103,694 3 1,500 108,694...
Month
Machine Hours (hrs.)
Maintenance Costs ($)
1
1,330
102,694
2
1,400
103,694
3
1,500
108,694
4
1,470
108,694
5
1,620
116,694
6
1,690
115,694
7
1,490
107,694
8
1,310
102,694
9
1,450
106,694
10
1,580
113,694
11
1,300
100,694
12
1,600
113,694
13
1,650
114,694
14
1,440
109,694
15
1,340
102,694
16
1,670
114,694
17
1,480
106,694
18
1,360
103,694
19
1,340
103,694
20
1,540
112,694
Assume that the following relationship holds:
Maintenance Costs = (v * Machine Hours)...
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