The World Cup Company observed the following activity level for a randomly selected
Required:
1) Using the high-low method, determine the formula for total costs.
2) Using the formula you computed in part 1, what would you predict fixed cost to be when 1200 soccer balls are produced.
3) Using the formula you computed in part 1, what would you predict variable costs to be when 1200 soccer balls are produced.
4) Using the formula you computed in part 1, what would you predict total costs to be when 1200 soccer balls are produced.
5) Using the computer, compute the cost formula with regression analysis, (round to the nearest dollar).
6) Use the formula computed in part 5 and compare your results for 1200 soccer balls with those you computed in part 4.
Computer required for part 5 & 6.

Question

The World Cup Company observed the following activity level for a randomly selected
  Required:
1) Using the high-low method, determine the formula for total costs.
2) Using the formula you computed in part 1, what would you predict fixed cost to be when 1200 soccer balls are produced.
3) Using the formula you computed in part 1, what would you predict variable costs to be when 1200 soccer balls are produced.
4) Using the formula you computed in part 1, what would you predict total costs to be when 1200 soccer balls are produced.
5) Using the computer, compute the cost formula with regression analysis, (round to the nearest dollar).
6) Use the formula computed in part 5 and compare your results for 1200 soccer balls with those you computed in part 4.
Computer required for part 5 & 6.

Quizplus · Accepted Answer

The Answer of The World Cup Company observed the following activity level for a randomly selected
  Required:
1) Using the high-low method, determine the formula for total costs.
2) Using the formula you computed in part 1, what would you predict fixed cost to be when 1200 soccer balls are produced.
3) Using the formula you computed in part 1, what would you predict variable costs to be when 1200 soccer balls are produced.
4) Using the formula you computed in part 1, what would you predict total costs to be when 1200 soccer balls are produced.
5) Using the computer, compute the cost formula with regression analysis, (round to the nearest dollar).
6) Use the formula computed in part 5 and compare your results for 1200 soccer balls with those you computed in part 4.
Computer required for part 5 & 6.

The World Cup Company Observed the Following Activity Level for a Randomly