Develop a cost estimation equation for monthly production

Assignment Help Accounting Basics
Reference no: EM131660952

Question - Assume the Paul's Custom Print Shop has the following information on the number of sales orders received and order-processing costs.

Month     Sales Orders       Order-Processing Costs

Jan           450                    $6,000

Feb           225                    4,200

Mar           690                    9,750

Apr           420                    5,850

May          345                    4,800

Jun           150                    3,000

Jul            300                    4,500

a) Develop a cost estimation equation for monthly production costs using the regression method. You may use a statistics program to make the calculations or you may use the graph formatting function in Excel.

Reference no: EM131660952

Questions Cloud

Pick an article issue : Pick an article issue. The article presentation should be concomitant to a particular topic open to varying opinions, debate, and argument.
Describe the it controls for information security : Describe the IT controls the company needs to set up for information security in order to prevent a similar breach in the future.
Define the client for which symptoms of red man syndrome : The nurse, administering an infusion of vancomycin, will observe the client for which symptoms of red man syndrome
The value of planning the risk management approach : Reflect upon the value of planning the risk management approach. Identify two to three challenges faced in doing project work.
Develop a cost estimation equation for monthly production : Develop a cost estimation equation for monthly production costs using the regression method
What are the challenges associated with your choice : Which is more important: the formulation of a strategy or the implementation of a strategy? What are the challenges associated with your choice?
Report on the current and future state of the management : Analyse and report on the current and future state of the management of internetworking infrastructure and its applications.
Prepare in good form a statement of changes in equity : Presented below Is Information which relates to Crane Company, Prepare in good form a statement of changes in equity for 2017. The tax rate is 30%
Explore the functions of communication : Explore the functions of communication in the strategic and program planning processes for a health care organization.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explore the companys decision to distribute a dividend

Briefly anlyze whether the company's first month of operations was a success. Explore the company's decision to distribute a dividend.

  Determining the total cost of job

Moran Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor cost, based on budgeted overhead of $900,000 and budgeted direct labor cost of $600,000. Job no. ..

  What accounts are permanent and temporary

The company's Land account had a $5,000 balance. Dividends amounted to $300. There was $1,000 of common stock issued. What accounts are permanent and which ones are temporary?

  A company had a profit margin of 8 if net income equaled

a company had a profit margin of 8. if net income equaled 56000 and average total assets equaled 337500 how much were

  What is mark rental income

Mark Mayer, a cash basis taxpayer, leased property on June 1, 2011 to Perry Purly at $325 a month. Perry paid Mark $325 as a security deposit, which will be returned at the end of the lease.

  Depreciation recorded on plant and equipment 28000

hudson company uses a job-order costing system. the following transactions took place last yeara. raw materials were

  In august one of the processing departments at marchese

in august one of the processing departments at marchese corporation had beginning work in process inventory of 34000

  Charles royston was checking the year- end blances for his

charles royston was checking the year- end blances for his wood furniture manufacturing amp business amp was concerned

  Alden company has decided to use a contribution format

alden company has decided to use a contribution format income statement for internal planning purposes. the company has

  Complete the following table by indicating a debit or credit

Complete the following table by indicating whether a debit or credit is used to increase or decrease the balance of accounts belonging to each category of financial statement elements.

  The annual interest charges

On January 1, 2010, the Sanders Corporation purchased equipment having a fair value of $68,301.30 by issuing a non interest bearing, $100,000, four year note due December 31, 2013.

  An investment center generated a contribution margin of

an investment center generated a contribution margin of 200000 fixed costs of 100000. the centers average operating

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd