(Appendix 3A)Below are cost and activity data for a particular cost over the last four periods.Your boss has asked you to analyze this cost so that management will have a better understanding of how this cost changes in response to changes in activity.
Required:
Using the least-squares regression method and the equations for a and b,estimate the cost formula for this cost.

Question

(Appendix 3A)Below are cost and activity data for a particular cost over the last four periods.Your boss has asked you to analyze this cost so that management will have a better understanding of how this cost changes in response to changes in activity.

Required:
Using the least-squares regression method and the equations for a and b,estimate the cost formula for this cost.

Quizplus · Accepted Answer

The Answer of (Appendix 3A)Below are cost and activity data for a particular cost over the last four periods.Your boss has asked you to analyze this cost so that management will have a better understanding of how this cost changes in response to changes in activity. Required: Using the least-squares regression method and the equations for a and b,estimate the cost formula for this cost.

(Appendix 3A)Below Are Cost and Activity Data for a Particular