Business, 16.11.2020 17:50, honey66

Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Will County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles MowedMonth and Cleaned LaborCostsApril 350 $12,000May 300 11,250June 400 13,500July 250 8,250August 375 12,750September 200 7,500October 100 7,200a. Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $Answer + $Answer Xb. Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $Answer + $Answer Xd. Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 7 percent increase in wages. Monthly labor costs = $Answer + $Answer X Please show work

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:30, lailabirdiemae

Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.

Answers: 3

continue

Business, 22.06.2019 23:00, aprilleigh102

Ernesto baca is employed by bigg company. he has a family membership in his company's health insurance program. the annual premium is $5,432. ernesto's employer pays 80% of the total cost. ernesto's contribution is deducted from his paycheck. what is his annual contribution? $1,086.40 $1,125.65 $1,527.98 $1,567.20 save and exit

Answers: 3

continue

Business, 23.06.2019 09:50, gabriellarose2930

Now, use your previously-computed value as an approximation for sigma, and compute how many ears of the experimental corn the researcher needs in the study. don't forget, the margin of error and confidence level have already been given to you in a previous problem.

Answers: 1

continue

Business, 23.06.2019 11:30, jnsoccerboy7260

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition

Answers: 2

continue

Do you know the correct answer?

Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Will County Highway D...