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Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While LeslieAc€?cs prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the companyAc€?cs biggest source of revenue.

        A portion of LeslieAc€?cs operating information for the companyAc€?cs last year follows:

     

Month Number of
Jerseys Printed
Operating
Cost
  January 220          $ 5,875      
  February 215          5,780      
  March 245          5,950      
  April 555          8,700      
  May 700          9,700      
  June 615          9,295      
  July 460          6,220      
  August 350          6,150      
  September 320          6,040      
  October 250          5,960      
  November 205          4,925      
  December 200          4,810      
 

        

Required :
3.

Using the high-low method, calculate the storeAc€?cs total fixed operating costs and variable operating cost per jersey. (Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)

   
   

  

4.

Using the high-low method results, calculate the storeAc€?cs expected operating cost if it printed 475 jerseys. (Round your answer to the nearest whole number.)

   
   

  

5.

Perform a least-squares regression analysis on LeslieAc€?cs data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.)

   
   

  

6. Using the regression output, create a linear equation (y = a + bx) for estimating LeslieAc€?cs operating costs. (Round your answers to 2 decimal places.)

      

 

 

7. Using the least-squares regression results, calculate the storeAc€?cs expected operating cost if it prints 630 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.)

Jun 24 2020 View more View Less

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