Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: a. What is Newport's total fixed cost?
b. What is Newport's variable cost per unit?
c. What total cost would Newport predict for a month in which they sold 5,000 units?
d. What proportion of variation in Newport's cost is explained by variation in production?

Question

Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:   a. What is Newport's total fixed cost?
b. What is Newport's variable cost per unit?
c. What total cost would Newport predict for a month in which they sold 5,000 units?
d. What proportion of variation in Newport's cost is explained by variation in production?

Quizplus · Accepted Answer

The Answer of Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output:   a. What is Newport's total fixed cost?
b. What is Newport's variable cost per unit?
c. What total cost would Newport predict for a month in which they sold 5,000 units?
d. What proportion of variation in Newport's cost is explained by variation in production?