Business, 19.03.2021 18:00 densliverdensentos
The management of Wheeler Company has decided to develop cost formulas for its major overhead activities. Wheeler uses a highly automated manufacturing process, and power costs are a significant manufacturing cost. Cost analysts have decided that power costs are mixed. The costs must be broken into their fixed and variable elements so that the cost behavior of the power usage activity can be properly described. Machine hours have been selected as the activity driver for power costs. The following data for the past eight quarters have been collected:
Quarter Machine Hours Power cost
1 20000 26000
2 25000 38000
3 30000 42500
4 22000 37000
5 21000 34000
6 18000 29000
7 24000 36000
8 28000 40000
1. Prepare a scattergraph by plotting power costs against machine hours. Does the scattergraph show a near relationship between machine hours and power cost?
2. Using the high and low points (i. e., the high-low method), compute a power cost formula.
3. Use the method of least squares to compute a power cost formula. Evaluate the coefficient of determination.
Answers: 3
Business, 21.06.2019 17:30
Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration
Answers: 2
Business, 21.06.2019 19:10
Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.
Answers: 3
Business, 21.06.2019 22:10
3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?
Answers: 1
The management of Wheeler Company has decided to develop cost formulas for its major overhead activi...
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Chemistry, 11.03.2021 22:10
Geography, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
Mathematics, 11.03.2021 22:10
History, 11.03.2021 22:10