Jefferson, Incorporated, produces two products (Product 5 an…
Jefferson, Incorporated, produces two products (Product 5 and Product Z) using two activities: Machining, which uses machine hours as the cost driver, and Inspection, which uses the number of batches as the cost driver. The cost of Machining is $176,400, while the cost of Inspection is $33,150. The products have the following activity demands: Product 5 Product Z Total Machine hours 1,764 3,136 4,900 Number of batches 46 19 65 What proportion of the Machining activity is used by Product 5?
Read DetailsJackson, Inc. used Excel to run a least-squares regression a…
Jackson, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Regression Statistics Multiple R 0.7225 R Square 0.8500 Observations 30 Coefficients Standard Error T Stat P-Value Intercept 38,000 3,603 2.84 0.021 Production (X) 5.75 0.4641 14.51 0.000 A1. What is Jackson’s total fixed cost? B2. What is Jackson’s variable cost per unit? C3. What total cost would Jackson predict for a month in which they sold 5,000 units? D4. What proportion of variation in Jackson’s cost is explained by variation in production? Please place ($) and (,) for A1, B2, C3, but for it is D4 %
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