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,estimate the cost formula for this cost.
$$\begin{array} { l c c }
& \text { Activity } & \text { Cost } \
\text { Period 1 ..... } & 47 & \$ 357 \
\text { Period 2 ..... } & 46 & \$ 351 \
\text { Period 3 ..... } & 43 & \$ 334 \
\text { Period } 4 \ldots \ldots . & 44 & \$ 340
\end{array}$$

Question

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,estimate the cost formula for this cost.
 $$\begin{array} { l c c } 
& \text { Activity } & \text { Cost } \
\text { Period 1 ..... } & 47 & \$ 357 \
\text { Period 2 ..... } & 46 & \$ 351 \
\text { Period 3 ..... } & 43 & \$ 334 \
\text { Period } 4 \ldots \ldots . & 44 & \$ 340
\end{array}$$

Quizplus · Accepted Answer

The Answer of 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,estimate the cost formula for this cost.
 $$\begin{array} { l c c } 
& \text { Activity } & \text { Cost } \
\text { Period 1 ..... } & 47 & \$ 357 \
\text { Period 2 ..... } & 46 & \$ 351 \
\text { Period 3 ..... } & 43 & \$ 334 \
\text { Period } 4 \ldots \ldots . & 44 & \$ 340
\end{array}$$

Below Are Cost and Activity Data for a Particular Cost