Home / Questions / Your company leases a copier The contract states that you must pay the leasing company
Your company leases a copier. The contract states that you must pay the leasing company $3,000 per year and $.005 per copy.
Required:
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A. |
Write the equation to predict estimated total lease cost. |
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B. |
Compute the estimated total costs if: |
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10,000 copies are made. |
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ii. |
50,000 copies are made. |
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C. |
Compute the estimated cost per unit if: |
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10,000 copies are made. |
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ii. |
50,000 copies are made. |
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86. Sabina and Associates has the following current year costs:
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Variable costs |
$4 per unit |
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Fixed costs |
$20,000 |
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Next year, the company plans to enter into an arrangement with a supplier that will result in a 15% decrease in variable costs. They also plan on reducing their rental space, which will decrease fixed costs by 10%.
Required:
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A. |
What will be the new equation to predict total costs? |
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B. |
If next year’s production is expected to be 10,000 units, what will be total estimated costs? |
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87. You run a regression analysis and receive the following results:
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Multiple R |
.39429 |
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R Square |
.15547 |
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Adjusted R Square |
.14964 |
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Standard Error |
.44416 |
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Analysis of Variance |
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DF |
Sum of Squares |
Mean Square |
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Regression |
1 |
5.26588 |
5.26588 |
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Residual |
145 |
28.60536 |
.19728 |
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F = 26.69262 |
Signif F = .0000 |
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Variables in the Equation |
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Variable |
Coefficients |
Standard error |
t Stat |
P-value |
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X Variable 1 |
11.0300 |
.021000 |
5.166 |
.0000 |
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Intercept |
8833.0700 |
.090000 |
9.751 |
.0000 |
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Required:
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A. |
What is the fixed cost in this regression analysis? |
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B. |
What is the variable cost per unit? |
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C. |
Prepare the cost equation based upon these results. |
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D. |
Does this regression equation "fit" the data well? What information did you examine to answer this question? |
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