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?