MinhNguyen Q8 16mar12 48

A
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MC-001
Armer Company is accumulating data to use in preparing its annual profit plan
costs. Data regarding the maintenance hours and costs for the last year and t
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
Maintenance
Cost
$3,570
$2,600
$3,000
$2,426
$3,676
$2,469
$2,580
$3,666
$3,660
$3,370
$2,770
$2,662
$36,449
$3,037
Average cost per hour

a (intercept)
b (coefficient)
Standard error of the estimate
R-squared
t-value for b
The coefficient of determination for Armer's regression equation for the maint
Answer:
MC-002
0.213665
A.
0.990534
B.
0.715559
C.
0.995256
D.
E. None of the above
B.
Georgia Meadows Company uses the high-low method to analyze production c

Month
January
Cost (Y)
$8,542
February
March
April
May
June
$7,750
$9,700
$7,435
$7,200
$9,263
How should the cost function be properly stated using the high-low method?
Answer:
MC-003
A.
B.
C.
D.
D.
Y
Y
Y
Y
=
=
=
=
$9,263 + $0162H
$1,025 + $125H
$875 + $105H
$325 + $125H
Burmer Co. has accumulated data to use in preparing its annual profit plan for
are as follows:
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
Maintenance
Cost
$5,610
$3,990
$4,763
$3,777
$5,691
$3,916
$4,027
$5,908
$5,636
$5,464
$4,392
$4,147
$57,321
$4,777
A staff assistant has run regression analyses on the data and obtained the foll
REGRESSION ANALYSIS
Y (Dependent) Variable: Maintenance Cost
X (Independent) Variable: Maintenance Hours
The 95% confidence range for a prediction of monthly manufacturing cost usin
Answer:
A.
B.
C.
D.
A.
The range of +/- $65.79 x 2 = $131.58 around the predicted amount

From $649 to $706
From $631 to $936
The range of +/- $65.79 around the predicted amount
are as follows:
MC-004
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
Maintenance
Cost
$5,030
$3,630
$4,390
$3,444
$5,260
$3,556
$3,589
$5,364
$5,197
$4,804
$3,932
$3,771
$51,967
$4,331
A staff assistant has run regression analyses on the data (you still need to do
REGRESSION ANALYSIS
The t statistic for the independent variable:
Answer:
A.
B.
C.
D.
C.
At 11.46, is statistically significant

At 52.78, is too large to be statistically significant
Is statistically significant at less than 5% risk
Lies somewhere between 6.49 and 7.063
Bradford Company derived the following cost relationship from a regression an
MC-005
C = $80,000 + $12M
where:
C = monthly manufacturing overhead cost, and
M = machine hours
The standard error of estimate of the regression is $6,000 The standard time r
is 50,000 cases
Bradford's estimated variable manufacturing overhead cost for a month in wh
Answer:
$120,000
A.
$140,000
B.
$80,000
C.
$200,000
D.
E. Some amount other than those given above
B.
If the coefficient of correlation between two variables is nearly zero, how migh
MC-006
Answer:
MC-007
A.
B.
C.
D.
C.
Under this condition, a scatter diagram could not be plotted on a graph

A least squares line that slopes down to the right
Random points
A least squares line that slopes up to the right
Examine this chart.
In the learning curve, Y = a*X^b

The value of b is:
Answer:
A.
B.
C.
D.
E. None
B.
A range around the regression line within which the management accountant
MC-008
Answer:
MC-009
685.70
-0.310
0.0220
0.9901
of the above are correct
A.
B.
C.
D.
E.
E.
A
A
A
A
A
p-value
t-value
relevant range
goodness of fit
confidence interval
Examine this chart.
The standard error value for the coefficient m1
In regard to the variable cost, maintenance cost per direct labor hour, I am 95
Answer:
MC-010
A.
B.
C.
D.
E.
E.
$18.38
$20.30
$21.26
$17.41
$19.34
and
and
and
and
and
Examine this diagram:
$28.00
$26.08
$25.11
$28.96
$27.04
Choose the best answer.
Answer:
A.
B.
C.
D.
E.
D.
CalcuCo hired Effner & Associates to design a new computer-aided manufactu

facility normally expects to operate at seventy four percent of capacity, is calc
MC-011
Answer:
MC-012
Supplies Expense Data for Regression Application

Regression with High R- Squared
The Effect of Outliers on Regression
The Regression Line for Supplies Expense with Units of Output as the Cost Dri
Regression with Low R- Squared
A.
B.
C.
D.
E.
C.
$952.74
$977.74
$902.74
$927.74
$1,002.74
are as follows:
Month
January
February
March
April
May
June
July
August
September
Maintenance
Cost
$5,290
$3,680
$4,432
$3,470
$5,432
$3,625
$3,810
$5,508
$5,291
October
November
December
Sum
Average
$5,018
$4,094
$3,992
$53,642
$4,470
A staff assistant has run regression analyses on the data and obtained the foll
REGRESSION ANALYSIS
Using regression analysis, what is the estimated maintenance expense for a m
Answer:
A.
B.
C.
D.
C.
Which of the following provides the most accurate cost estimation?
MC-013
Answer:
MC-014
$5,660
$6,160
$5,160
$6,660
A.
B.
C.
D.
C.
Regression analysis with R-squared of 0.12

High-low method
Regression analysis with R squared of 0.89
Regression analysis with F value of 1.2
Home Remodeling Inc. recently obtained a short-term bank loan from City Nat
forecast total overhead cost. The actual machine hours and overhead cost are
Month
Jan
Feb
Mar
Apr
May
Total
Overhead
$3,214
$3,524
$2,997
$3,205
$3,268
Jun
$3,445
Using the high-low method, total monthly fixed overhead cost is calculated to
Answer:
MC-015
A.
B.
C.
D.
E.
E.
$773
$723
$873
$673
$823
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
Maintenance
Cost
$4,610
$3,300
$3,900
$3,143
$4,744
$3,221
$3,350
$4,911
$4,722
$4,550
$3,700
$3,536
$47,687
$3,974

a (intercept)
b (coefficient)
R-squared
t-value for b
If Armer Company uses the high-low method of analysis, the equation for the
Answer:
A.
B.
C.
D.
E.
A.
Which one the following is a variable that takes on values of 1, 2, 3, for eac
MC-016
Answer:
A.
B.
C.
D.
E.
A.
MC-018
Trend variable
Independent variable
Dependent variable
Dummy variable
Price change index
The Lower 95% and Upper 95% shown in the Excel Analysis Toolpak Regressio
MC-017
Answer:
y = $743.15 + $7.36x
y = $617.29 + $7.36x
y = $617.29 + $7.65x
y = $743.15 + $7.65x
None of the above
A.
B.
C.
D.
E.
C.
We
We
We
We
We
can
can
can
can
can
be
be
be
be
be
95%
95%
95%
95%
95%
confident
confident
confident
confident
confident
Examine this chart.
that
that
that
that
that
the
the
the
the
the
statistical reliability of the regression equat

coefficients of the independent variables w
precision of the regression equation will be
coefficients of the dependent variable will b
regression equation will be within the range
In the learning curve, Y = a*X^b

The value of b is:
Answer:
MC-019
A.
B.
C.
D.
E. None
A.
-0.330
0.0342
0.9790
663.39
of the above are correct
Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felina
previous fiscal year for maintenance expense and machine hours:
Month
1
2
3
4
5
6
7
8
9
10
11
12
Maintenance
Expense
$3,010
$3,209
$3,343
$3,455
$3,444
$3,600
$3,439
$3,322
$2,986
$2,796
$2,681
$2,859
Using the high-low method, total monthly fixed cost is calculated to be:
Answer:
A.
B.
C.
D.
E.
A.
A p-value of less than _______ is typically considered statistically significant
MC-020
Answer:
$992.73
$1,002.73
$1,012.73
$972.73
$982.73
A.
B.
C.
D.
B.
5
0.05
0.5
0.005
The following costs were for Optimal View Inc., a contact lens manufacturer:
MC-021
Output
270
314
358
402
Fixed
Cost
$4,720
$4,720
$4,720
$4,720
At an output level of 376 lenses, per unit variable cost is calculated to be:
Answer:
A.
B.
C.
D.
E.
B.
$35.25
$36.00
$35.00
$35.75
$35.50
The following costs were for Bikeway Inc., a bicycle manufacturer:
MC-022
Output
850
904
958
1,012
Fixed
Cost
$26,200
$26,200
$26,200
$26,200
At an output level of 1,066 bicycles, per unit variable cost is calculated to be:
Answer:
A.
B.
C.
D.
E.
E.
Data collected on the cost objects and cost drivers for cost estimation must be
MC-023
Answer:
MC-024
$150
$90
$110
$120
$100
A.
B.
C.
D.
E.
E.
Concrete
Varied
Exhaustive
Brief and limited
Consistent and accurate
A manager uses regression to express sales as a function of advertising expen

Y = 10 + .51X1 + .45X2
The coefficient of determination is .96
This coefficient of determination explains that:
A. The dependent variable is not related to advertising expenditures and per cap
B. 96% of sales variations are explained by the equation
C. 96% of sales variations are due to an error term

D. Only 4% of the sales variations are explained by advertising expenditures and
Answer: B.
A company allocates its variable factory overhead based on direct labor hours
MC-025
Direct labor hours

Total overhead allocated
Jan
1,100
$90,000
Feb
3,400
$153,000
Based upon this information, monthly fixed factory overhead was:
Answer:
MC-026
A.
B.
C.
D.
D.
$53,222
$63,222
$68,222
$58,222
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
Maintenance
Cost
$4,200
$3,000
$3,580
$2,830
$4,377
$2,990
$3,070
$4,455
$4,348
$4,010
$3,250
$3,159
$43,269
$3,606

a (intercept)
b (coefficient)
R-squared
t-value for b
The percent of the total variance that can be explained by the regression equa
Answer:
24.52%
A.
69.07%
B.
99.45%
C.
98.90%
D.
D.
Based on the maintenance expenses of a company are to be analyzed for pur
MC-027
Cost per month

Machine hours
Highest
$88,700
98,000
Lowest
$74,900
66,900
Using the high-low technique, estimate the annual fixed cost for maintenance
Answer:
MC-028
A.
B.
C.
D.
E.
B.
$55,214
$45,214
$542,574
$552,574
$60,214
Examine this diagram:
Choose the best answer.
Answer:
MC-029
A.
B.
C.
D.
E.
C.
The Regression Line for Supplies Expense with Units of Output as the Cost Dri
Regression with High R- Squared
Regression with Low R- Squared
Selected Independent Variables and Dependent Variables for Costs in a Retail
Supplies Expense Data for Regression Application
Month
January
February
March
April
May
June
July
August
September
October
November
December
Sum
Average
a (intercept)
b (coefficient)
Maintenance
Cost
$4,130
$2,900
$3,510
$2,744
$4,180
$2,896
$2,930
$4,318
$4,126
$3,880
$3,210
$3,062
$41,886
$3,491

R-squared
t-value for b
Based on the data derived from the regression analysis, 408 maintenance hou
Answer:
$3,577
A.
$3,591
B.
$3,619
C.
$3,605
D.
C.
Which of the following is the percentage by which average time (or total time)
MC-030
Answer:
$3,618.32
A.
B.
C.
D.
E.
C.
Learning
Learning
Learning
Learning
Learning
curve
analysis
rate
average
speed
g its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must b
for the last year and the results of the regression analysis follow:
Machine
Hours
401
268
330
250
430
257
269
438
412
392
294
280
4,021
335
$9.06
$721.47
$6.91
52.3601
.9905
32.3476
quation for the maintenance activities is
o analyze production costs. The following information relates to the production data for the first six mo
Hours (H)
6,530
$9,700
7,500
5,950
7,500
5,700
5,500
6,750
$7,200
$2,500
5,500
2,000
$1.25
he high-low method?
$325
annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be
Machine
Hours
690
464
575
425
733
440
475
759
704
673
511
490
6,939
578
a and obtained the following output using Excel:
anufacturing cost using the model is:
cted amount
Machine
Hours
619
421
513
387
653
400
446
692
648
611
458
446
6,294
525
a (you still need to do this) and obtained the following output using Excel:
p from a regression analysis of its monthly manufacturing overhead cost:
0 The standard time required to manufacture one six-unit case of Bradford's single product is two mac
ost for a month in which scheduled production is 5,000 cases would be:
nearly zero, how might a graph of these variables appear?
tted on a graph
nagement accountant can rely that the actual value of the predicted cost will fall is referred to as:
1.924797
ct labor hour, I am 95% confident the cost will vary between:
Output as the Cost Driver ( i. e., independent variable)
uter-aided manufacturing facility. The new facility was designed to produce 260 computers per month.
ent of capacity, is calculated to be (round to nearest cent):
Machine
Hours
636
427
541
399
664
410
451
696
670
640
477
451
6,462
539
a and obtained the following output using Excel:
nance expense for a month that the firm expects to operate 640 machine hours (round to nearest who
estimation?
ank loan from City National Bank. The bank required that certain credit information and pro forma finan
and overhead cost are presented below for the past six months.
Machine
Hours
1,281
1,399
1,126
1,218
1,227
1,300
d cost is calculated to be:
Machine
Hours
522
352
450
330
550
341
351
561
536
517
382
375
5,267
439
$9.05
$743.15
$7.36
74.3868
.9892
30.3142
the equation for the relationship between hours of activity and maintenance cost follows:
s of 1, 2, 3, for each period in sequence?
ysis Toolpak Regression output suggests that:
f the regression equation will be within the ranges specified

ependent variables will be within the ranges specified
ssion equation will be within the ranges specified
pendent variable will be within the ranges specified
will be within the ranges specified
owner, Kenneth Felinas, asked you to assist him in estimating his maintenance costs. Together, Mr. Fel
ne hours:
Machine
Hours
2,130
2,230
2,320
2,278
2,197
2,334
2,343
2,292
2,140
1,990
1,617
1,950
alculated to be:
istically significant
lens manufacturer:
Variable
Cost
$9,720
$11,304
$12,888
$14,472
calculated to be:
Total
Cost
$14,440
$16,024
$17,608
$19,192
ufacturer:
Variable
Cost
$85,000
$90,400
$95,800
$101,200
Total
Cost
$111,200
$116,600
$122,000
$127,400
st is calculated to be:
ost estimation must be:
n of advertising expenditures (X1), and per capita income (X2) in your sales area. The following multip
enditures and per capita income
sing expenditures and per capital income
d on direct labor hours During the past three months, the actual direct labor hours and the total factory
Mar
5,600
$220,000
head was:
Machine
Hours
483
319
390
300
490
318
317
511
500
476
349
342
4,795
400
$9.02
$664.59
$7.36
69.0564
.9890
30.0197
by the regression equation is
o be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the
cost for maintenance expenditures:
Output as the Cost Driver ( i. e., independent variable)
s for Costs in a Retail Store
Machine
Hours
462
310
390
290
490
304
311
513
474
460
342
332
4,678
390
$8.95
$725.56
$7.09
61.9967
.9903
31.9457
408 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest d
ge time (or total time) falls from previous levels as output doubles?
maintenance costs must be determined. The accounting staff has suggested the use of linear regressio
n data for the first six months of the year.
aintenance costs must be determined. Data regarding the machine hours and maintenance costs for t
single product is two machine hours Bradford applies manufacturing overhead to production on the ba
fall is referred to as:
60 computers per month. The variable costs for each computer are $570 and the fixed costs total $64,
urs (round to nearest whole dollar)?
ation and pro forma financial statements be maintained through the life of the loan. In order to prepare
cost follows:
ce costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance cos
rea. The following multiple linear regression equation is developed:
ours and the total factory overhead allocated were as follows:
past records disclosed the following costs and volume measures:
budgeted to the nearest dollar at
d the use of linear regression to derive an equation for maintenance hours and
and maintenance costs for the last year and the results of the regression analysis
ead to production on the basis of machine hours, and its normal annual production
nd the fixed costs total $64,020 per month. The average cost per unit, if the
the loan. In order to prepare the pro forma statements, Home Remodeling must
driver for maintenance costs was machine hours. Below are data from the
Horton Manufacturing Inc. produces blinds and other window treatments for residential home
to better predict the firms profitability. Together, you have determined that the best cost driv
Month
1
2
3
4
5
6
7
8
9
10
11
12
Expense
$3,522
$3,511
$3,209
$3,469
$3,462
$3,590
$3,526
$4,019
$3,319
$3,243
$3,250
$3,574
Hours
1,771
2,013
1,987
2,054
2,251
2,337
2,209
2,282
2,189
1,654
1,983
1,754
1. What is the cost equation for maintenance cost using the high-low method?
Max
Min
Difference
Varaible cost
Fixed costs (use max)
2. Calculate MAPE for the equation you developed in part 1.

Month
1
2
3
4
5
6
7
8
9
10
11
12
Expense
$3,522
$3,511
$3,209
$3,469
$3,462
$3,590
$3,526
$4,019
$3,319
$3,243
$3,250
$3,574
Hours
1,771
2,013
1,987
2,054
2,251
2,337
2,209
2,282
2,189
1,654
1,983
1,754
Any outliers
Yes
ow treatments for residential homes and offices. The owner is concerned about the maintenance costs
e determined that the best cost driver for maintenance costs is machine-hours. The data from the pre
he high-low method?
Cost
$3,590
$3,243
$347
Hours
2,337
1,654
683
$0.51
$2,402.68
Hi-Lo Estimate
$3,302
$3,425
$3,412
$3,446
$3,546
$3,590
$3,525
$3,562
$3,515
$3,243
$3,410
$3,294
MAPE
6.2%
2.4%
6.3%
0.7%
2.4%
0.0%
0.0%
11.4%
5.9%
0.0%
4.9%
7.8%
about the maintenance costs for the production machinery, as maintenance costs for the previous fisc
ours. The data from the previous fiscal year for maintenance expense and machine-hours are as follo
ce costs for the previous fiscal year were higher than he expected. The owner has asked you to assist
d machine-hours are as follows:
r has asked you to assist in estimating future maintenance costs
Excel Instructions
No additional Excel instructions

No pivot tables, no tables/lists, no range names, no charts, no Solver models, no Analysis Too
/lists, no range names, no charts, no Solver models, no Analysis Toolpak procedures
o Analysis Toolpak procedures
Plantcity is a large nursery and retail store specializing in house and garden plants and suppli
December 2012, and has estimated sales for 2013.
Date
February-15
January-15
December-14
November-14
October-14
September-14
August-14
July-14
June-14
May-14
April-14
March-14
February-14
January-14
December-13
November-13
October-13
September-13
August-13
July-13
June-13
May-13
April-13
March-13
February-13
January-13
December-12
November-12
October-12
September-12
August-12
March-15
April-15
May-15
June-15
July-15
August-15
September-15
Supplies
Expense
$2,486
$3,272
$2,196
$2,234
$1,972
$3,538
$3,093
$1,416
$2,429
$1,761
$2,141
$3,365
$2,777
$3,134
$2,768
$2,029
$2,237
$2,519
$3,240
$1,936
$1,566
$3,330
$2,772
$2,017
$2,946
$1,661
$2,540
$2,281
$2,278
$1,882
$2,871
October-15
November-15
December-15
January-16
February-16
1. Develop the regression that Jean should use based on the above data and using the regres
Model:
R Square
Intercept
Sales Units
Sales Dollars
Supplies Expense = F(Sales Units and Sales Dollars)

0.43437
Coefficients
Standard Error
923.70437
531.19132
0.76954
0.47767
0.65975
0.31678
2. What are the predicted monthly figures for supplies expense for 2013?
Model to use:
Supplies = F (Sales Dollars)
Date
March-15
April-15
May-15
June-15
July-15
August-15
September-15
October-15
November-15
December-15
January-16
February-16
SUMMARY OUTPUT
Sales Units
143
205
197
352
341
285
361
547
248
235
348
347
Regression Statistics
Multiple R
0.659069645
R Square
0.434372797
Adjusted R Square
0.3939708539
Standard Error
452.7370570598
Observations
31
ANOVA
df
Regression
Residual
Total
Intercept
X Variable 1
X Variable 2
SS
2 4407399.81997
28 5739183.599385
30 10146583.41935
Coefficients
Standard Error
923.7043735809 531.1913217697
0.7695422034
0.4776668182
0.6597537219
0.3167827622
SUMMARY OUTPUT
Multiple R
0.5888555473
R Square
0.3467508556
Adjusted R Square
0.324225023
Standard Error
478.0797414969
Observations
31
ANOVA
df
Regression
Residual
Total
Intercept
X Variable 1
SS
1 3518336.481692
29 6628246.937663
30 10146583.41935
Coefficients
Standard Error
1989.515090211 150.3565244531
1.4477801334
0.369006714
SUMMARY OUTPUT
Multiple R
0.6180145107
R Square
Adjusted R Square
Standard Error
Observations
0.3819419354
0.3606295883
465.024200727
31
ANOVA
df
Regression
Residual
Total
Intercept
X Variable 1
SS
1 3875405.708764
29 6271177.710591
30 10146583.41935
Coefficients
Standard Error
499.3751770542 473.8122268989
1.0076947186
0.2380378122
e and garden plants and supplies. Jean Raouth, the assistant manager, is in the process of budgeting m
Sales Units
300
366
481
114
185
487
941
169
233
195
282
433
444
305
377
169
262
372
933
81
164
228
405
148
309
192
245
114
220
200
1,015
143
205
197
352
341
285
361
Sales Dollars
$1,884
$1,804
$2,379
$1,582
$2,070
$2,085
$2,302
$1,374
$1,952
$1,528
$2,030
$2,794
$2,409
$1,878
$2,062
$1,636
$1,951
$1,931
$2,815
$1,902
$1,716
$2,267
$2,052
$2,039
$1,957
$1,667
$1,383
$1,661
$1,591
$1,692
$2,346
$1,377
$1,416
$1,969
$1,710
$1,778
$1,532
$2,030
547
248
235
348
347
$2,646
$1,958
$1,837
$2,997
$3,004
bove data and using the regression procedure REGRESSION in Excel Analysis Toolpak - enter the follow
les Units and Sales Dollars)
Supplies Expense = F(Sales Units)

R Square
t Stat
P-value
1.73893
1.61104
2.08267
0.09303 Intercept
0.11839 Sales Units
0.04653
e for 2013?
pplies = F (Sales Dollars)
Sales Dollars
$1,377
$1,416
$1,969
$1,710
$1,778
$1,532
$2,030
$2,646
$1,958
$1,837
$2,997
$3,004
Predicted
Supplies Expense
$2,197
$2,286
$2,275
$2,499
$2,483
$2,402
$2,512
$2,781
$2,349
$2,330
$2,493
$2,492
0.34675
Coefficients
1,989.51509
1.44778
MS
2203699.90998483
204970.842835185
F
10.7512848145
t Stat
1.7389297146
1.6110438784
2.0826692627
P-value
0.0930326048
0.1183872893
0.0465339383
MS
3518336.48169207
228560.239229751
F
15.3934756699
t Stat
P-value
13.2319837629 8.137380151E-014
3.9234520094
0.0004923009
Significance F
0.0003431026
Lower 95%
Upper 95%
-164.3917235918 2011.8004707536
-0.2089139184
1.7479983253
0.0108536493
1.3086537944
Significance F
0.0004923009
Lower 95%
Upper 95%
1682.001469511 2297.0287109102
0.6930766639
2.202483603
MS
3875405.70876431
216247.507261742
F
17.9211578336
t Stat
1.0539516473
4.2333388517
P-value
0.3006075031
0.0002116019
Significance F
0.0002116019
Lower 95%
Upper 95%
-469.6796342043 1468.4299883126
0.5208527291
1.494536708
in the process of budgeting monthly supplies expense for 2013. She assumes that in some way supplie
sis Toolpak - enter the following Regression results.
Expense = F(Sales Units)
Standard Error
t Stat
150.35652
0.36901
Supplies Expense = F(Sales Units and

Sales Dollars)
$1,942
$2,016
$2,374
$2,323
$2,359
$2,154
$2,541
$3,090
$2,406
$2,317
$3,169
$3,173
P-value
13.23198
3.92345
0.00000
0.00049
Supplies Expense Supplies Expense

= F(Sales Units) = F(Sales Dollars)
$2,197
$2,286
$2,275
$2,499
$2,483
$2,402
$2,512
$2,781
$2,349
$2,330
$2,493
$2,492
$1,887
$1,926
$2,484
$2,223
$2,291
$2,043
$2,545
$3,166
$2,472
$2,351
$3,519
$3,526
Lower 95.0%
Upper 95.0%
-164.3917235918 2011.8004707536
-0.2089139184
1.7479983253
0.0108536493
1.3086537944
Lower 95.0%
Upper 95.0%
1682.001469511 2297.0287109102
0.6930766639
2.202483603
Lower 95.0%
Upper 95.0%
-469.6796342043 1468.4299883126
0.5208527291
1.494536708
hat in some way supplies expense is related to sales, either in units or in dollars. She has collected the
Supplies Expense = F(Sales Dollars)

R Square
Intercept
Sales Dollars
0.34675
Coefficients
Standard Error
t Stat
P-value
499.37518
473.81223 1.05395 0.30061
1.00769
0.23804 4.23334 0.00021
ars. She has collected these data for sales and supplies expenses for June 2010 through
Excel Instructions

The Air Force Museum Foundation has commissioned the purchase of 16 Four F Sixes, preWo
Each of the 16 will be flown to Air Force and aviation museums throughout the country for exh
Soren Industries wants to bid on the aircraft contract and asked for and received certain cost
respectively, were completed.
Output
1
9
33
70
Required
1. Graphically determine the learning curve.
Learning Curve
300.00
250.00
f(x) = 250.4749158664 x^-0.161623041

R = 0.9822749671
200.00
Output
150.00
100.00
50.00
0.00
10
20
30
40
50
60
Hours Per Unit
2. What are the following learning curve parameters:

Y=aX^b
a
b
R square
Learning curve percentage
3. If Soren Industries expects that the manufacturing time will be the same as it was in 1938,
Units
Hours to make
purchase of 16 Four F Sixes, preWorld War II aircraft. They will be built completely from scratch to the
ums throughout the country for exhibition. Aviation enthusiasts can also visit the production facility to
asked for and received certain cost information about the Four F Sixes from the Air Force. The informat
Total Hours
257
1,488
4,788
8,961
Hours Per Unit

257.00
165.33
145.09
128.01
0.6433203632
1,231
153.875
0.5987354086
149.625
0.5821984436
rning Curve
161623041
30
40
50
60
70
80
Hours Per Unit
250.47000
-0.16200
0.98230
80%
will be the same as it was in 1938, how many hours will it take to build the 16 aircraft for the Air Force
16
1,392
mpletely from scratch to the exact specifications used for the originals. As further authentication, the a
visit the production facility to see exactly how such aircraft were built in 1938.
m the Air Force. The information includes some of the old cost data from the builders of the original airc
2,313.0
0.643
e 16 aircraft for the Air Force Museum Foundation?
further authentication, the aircraft will be made using the technology and manufacturing processes av
938.
he builders of the original aircraft. The available information is for the total accumulated time as the fir
nufacturing processes available when the originals were built.
cumulated time as the first, eighth, and thirty-second aircraft,
Excel Instructions
Chart(s) - charts have many properties, you will set only the following properties.
Name
ChartType
Location
ChartWidth
ChartHeight
Series
Name
XValues
Values
PlotOrder
Format.Line.ForeColor:
Format.Fill.ForeColor:
ChartTitle
Caption
Font.Name
Font.Size
Font.Bold
ChartLegend
Position
Font.Name
Font.Size
Font.Bold
Axis - Horizontal
AxisTitle
AxisTickLabelsFormat
Axis - Vertical
AxisTitle
AxisTickLabelsFormat
ChartAreaColor
PlotAreaColor
any properties, you will set only the following properties.

Chart # 1
$B$12
Chart 1
Scatter
6
4
Series 1
Series1
$C$6:$C$9
$G$6:$G$9
Not this semester
Red 255, Green 255, Blue 255
Automatic
Learning Curve
Calibri
14
True
No chart legend
Hours Per Unit

#,##0;[Red]#,##0
Output
#,##0.00;[Red]#,##0.00
Dasher System Corporation spent 8,450 direct labor hours to manufacture a system that can
average-time learning curve applies to the manufacturing of this system. The variable costs i
Direct materials and components costs

Direct labor costs
Variable related manufacturing overhead
Fixed related manufacturing overhead
U. S. Postal Services has expressed interest in purchasing 1,521 units if the price is 'right'. Wh
Manufactured and sold

Contribution margin %
Cumulative average time learning curve
Learning curve model
a
b
Y = aXb
8450
0.1890338244
Units
First time
40th time
1
40
Cost Estimation
Direct materials
Direct labor & Variable overhead
Total variable cost
Revenue
Total variable cost
Contribution margin
Minimum price per unit (ROUND -3 to the left of the decimal point)
to manufacture a system that can detect presence of anthrax spores within 7 minutes. AntiRax 10600
of this system. The variable costs incurred in manufacturing the first system were:
$3,213
$172
$30
$124
per hour
per direct labor hour
per direct labor hour
1,521 units if the price is 'right'. What is the minimum price per unit that the firm should quote for the
39 units
315% all incremental costs
114%
Cumulative Average
Hours per Unit
8,450
=
1,521 units
8,450 hours
left of the decimal point)
Total
Hours
8,450
$3,213 cost
$202 combined per hour
hin 7 minutes. AntiRax 10600. Dasher requires all products to have a contribution margin of at least 31
em were:
1
2
4
8
16
32
64
128
256
512
1024
2048
he firm should quote for the 1,521 units?
per hour
$4,886,973
($1,706,900)
$3,180,073
$13,197,303
$3,180,073
$10,017,229.95
$7,000.00
8450
9633
10981.62
12519.0468
14271.713352
16269.75322128
18547.51867226
21144.17128638
24104.35526647
27478.96500377
31326.0201043
35711.6629189
margin of at least 315% of all incremental costs. The firm has since manufactured and sold 39 units an
2560
ured and sold 39 units and concluded that a 114% cumulative
Excel Instructions


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A

Please do not (otherwise you will jeopardise the g

Read the Multiple Choice and Excel assignment(s

For every cell colored yellow, you have to d

The initial due date/time for this assignment is S

eopardise the grading process):

el assignment(s) carefully and do the following:

w, you have to decide:

assignment is Sunday, March 22, 2015 --- 6:00:00 PM

B1:B12, True, True)' press Ctrl+Shift+Enter

Average cost per hour

Georgia Meadows Company uses the high-low method to analyze production c

The range of +/- $65.79 x 2 = $131.58 around the predicted amount

At 11.46, is statistically significant

Bradford Company derived the following cost relationship from a regression an

Bradford's estimated variable manufacturing overhead cost for a month in wh

Under this condition, a scatter diagram could not be plotted on a graph

Examine this chart.

In the learning curve, Y = a*X^b

Examine this chart.

The standard error value for the coefficient m1

Examine this diagram:

Choose the best answer.

CalcuCo hired Effner & Associates to design a new computer-aided manufactu

Supplies Expense Data for Regression Application

Using regression analysis, what is the estimated maintenance expense for a m

Which of the following provides the most accurate cost estimation?

Regression analysis with R-squared of 0.12

Average cost per hour

Examine this chart.

statistical reliability of the regression equat

In the learning curve, Y = a*X^b

A p-value of less than _______ is typically considered statistically significant

The following costs were for Bikeway Inc., a bicycle manufacturer:

A manager uses regression to express sales as a function of advertising expen

Direct labor hours

Based upon this information, monthly fixed factory overhead was:

Average cost per hour

Based on the maintenance expenses of a company are to be analyzed for pur

Cost per month

Examine this diagram:

Choose the best answer.

Standard error of the estimate

quation for the maintenance activities is

a and obtained the following output using Excel:

anufacturing cost using the model is:

p from a regression analysis of its monthly manufacturing overhead cost:

nearly zero, how might a graph of these variables appear?

ct labor hour, I am 95% confident the cost will vary between:

Output as the Cost Driver ( i. e., independent variable)

a and obtained the following output using Excel:

d cost is calculated to be:

s of 1, 2, 3, for each period in sequence?

ysis Toolpak Regression output suggests that:

f the regression equation will be within the ranges specified

ost estimation must be:

enditures and per capita income

sing expenditures and per capital income

by the regression equation is

cost for maintenance expenditures:

Output as the Cost Driver ( i. e., independent variable)

s for Costs in a Retail Store

n data for the first six months of the year.