Purchase Solution

Cost Accounting Regression Problem

Not what you're looking for?

Ask Custom Question

Please compute the following problem

Use the following table for your problem. X = annual net
income ($ thousands) and Y = annual food expenditures
($ hundreds). The letters A through J represent the
different families. For example family A has annual income of $8,000 and spends $2,200 on food annually.

Family Y X
A 22 8
B 23 10
C 18 7
D 9 2
E 14 4
F 20 6
G 21 7
H 18 6
I 16 4
J 19 6

ACCT321 Chapter Ten Outline Concluded: Page 16 of 16

Required Portion of Problem

1. Compute "a" and "b" for the regression formula. Then show the regression formula. Show all your computations in detail using the applicable formulas.

2. Compute the Coefficient of Determination. Be sure to show all of your computations in detail using the applicable formulas.

3. Compute the Coefficient of Correlation. Be sure to show all of your computations in detail using the applicable formulas.

Purchase this Solution
Solution Summary

The cost accounting for regression problems are examined. The annual food expenditures are given.

Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

View More Free Quizzes
Related BrainMass Solutions

  • Cost accounting for Highland Music Records

    Cost accounting for Highland Music Records is seen in the solution.

  • Regression, correlation, and scatterplot

    In an effort to deal with this problem, the cost accounting department has randomly sampled 10 trips between the two cities and recorded the data below....

  • Regression Coefficient Mixed Costs at a Hospital

    Which regression coefficient represents fixed cost? C. Which regression coefficient represents the variable cost per each patient-day? D.

  • Multiple regression question:Arcade Corporation

    105300 Accounting Regression Analysis During the last 10 months, Arcade Corporation has had the following indirect costs. It is tryng to determine a good cost driver for the indirect costs.

  • MCQs on regression, budgeting, Accounting

    Total cost * The following excerpts from four regression analysis reports describe the relationship between a major operating cost and four cost drivers for Tory Corp: ---------------------------------------------------------------------

  • Point Estimates in Accounting

    Many estimates in accounting are point estimates using regression parameters. For example point estimates can be used in regression to estimate the total costs that a business should have incurred at a given volume of activity.

  • Regression and correlation analysis

    In an effort to deal with this problem, the cost accounting department has randomly sampled 10 trips between the two cities and recorded the data below.

  • Rio River Railroad Statistical Analysis

    In an effort to deal with this problem, the cost accounting department has randomly sampled 10 trips between the two cities and recorded the data below.

  • Rio River Railroad

    In an effort to deal with this problem, the cost accounting department has randomly sampled 10 trips between the two cities and recorded the data below.

View More Related Solutions