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Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped...

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Accounting

Odessa, Inc., manufactures one model of computer desk. Thefollowing data are available regarding units shipped and totalshipping costs:

MonthNumber of Units ShippedTotal Shipping Cost
January40$2,950
February753,650
March252,250
April351,850
May302,300
June553,250
July503,000


Required:
1. Prepare a scattergraph of Odessa’s shipping cost anddraw the line you believe best fits the data.



3. Using the high-low method, calculate Odessa’stotal fixed shipping costs and variable shipping cost perunit.



4. Perform a least-squares regression analysis onOdessa’s data. (Use Microsoft Excel or a statisticalpackage to find the coefficients using least-squares regression.Round your answers to 2 decimalplaces.)



5. Using the regression output, create a linearequation (y = a + bx ) for estimating Odessa’sshipping costs.

Answer & Explanation Solved by verified expert
3.7 Ratings (686 Votes)
ANSWER 3 High low method Variable cost per unit y2y1x2x1 y2 3650 y1 2250 x2 75 and x1 25 Thus variable cost per unit 365022507525 140050 28 Fixed cost y2    See Answer
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