Solution-Develop regression model to identify the fixed

Develop regression model to identify the fixed overhead cost

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Reference no: EM13245322

The managing director of a consulting group has the following monthly data on total overhead costs and professional labor hours to bill to clients:

Total	Billable
$340,000	3,000
$400,000	4,000
$435,000	5,000
$477,000	6,000
$529,000	7,000
$587,000	8,000

Develop a regression model to identify the fixed overhead costs to the consulting group.

a. What is the constant component of the consultant group's overhead?

b. If a special job requiring 1,000 billable hours that would contribute a margin of $38,000 before overhead was available, would the job be attractive?

Reference no: EM13245322

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Develop regression model to identify the fixed overhead cost

Reference no: EM13245322

Reference no: EM13245322

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