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 2 years agoRelated Solutions
The monthly sales for Yazici Batteries, Inc., were as follows: Month Jan Feb Mar Apr...
The monthly sales for Yazici Batteries, Inc., were as
follows:
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Sales
21
21
15
12
11
16
16
18
22
21
20
24
This exercise contains only parts b and c.
b) The forecast for the next month (Jan) using the naive
method =
nothing
sales (round your response to a whole number).
The forecast for the next period (Jan) using a 3-month moving
average approach...
Machine X costs $248,751 and has annual operating and maintenance costs of $9,980. Machine Y costs...
Machine X costs $248,751 and has annual operating and
maintenance costs of $9,980. Machine Y costs $264,500 and has
annual operating and maintenance cost of $5,120. Both machines are
Class 39, which specifies a CCA rate of 25%. The company needs the
machines for 11 years, and at the end of year 11 machine X can be
sold for $12,257 and machine Y can be sold for 13,033. The
Company's MARR is 10%, and its marginal tax rate is 35%....
ASAP!!!!!!!!! The monthly sales for Yazici Batteries, Inc., were as follows: Month Jan Feb Mar Apr...
ASAP!!!!!!!!!
The monthly sales for Yazici Batteries, Inc., were as follows:
Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Sales 21 21
15 15 11 18 16 18 19 20 23 22 This exercise contains only parts b
and c.
b) The forecast for the next month (Jan) using the naive
method = 22 sales (round your response to a whole number). The
forecast for the next period (Jan) using a 3-month moving average
approach...
Month Sales (2005) Sales (2006) Jan 5 21 Feb 8 20 Mar 10 29 Apr 18...
Month
Sales (2005)
Sales (2006)
Jan
5
21
Feb
8
20
Mar
10
29
Apr
18
32
May
26
44
Jun
35
58
Jul
28
46
Aug
20
32
Sep
14
27
Oct
8
13
Nov
6
11
Dec
26
52
a.Plot the data using Minitab. What kind of pattern do you
observe?
b.Develop a trend line equation for this data (Use Minitab).
c.Decompose the above time series using a multiplicative model.
Store the trend line, detrended data, seasonals, seasonally...
Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Sales 19 23...
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Sales
19
23
15
14
13
16
15
17
19
20
20
23
Using a method of trend projection, the forecast for the next
month (Jan) =
nothing
sales (round your response to two decimal places).
Consider the following data: Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14...
Consider the following data:
Monthly Profit of an Auto Repair Shop
Month
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Profit ($)
17,123
17,273
16,055
18,138
19,763
17,310
19,131
18,578
20,373
Step 1 of 4 :
Determine the three-period moving average for the next time
period. If necessary, round your answer to one decimal place.
Step 2 of 4 :
Determine the three-period weighted moving average for the next
time period with weights of 3 (most recent), 2 (second...
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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