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250_Hwk_Chapter_6A

250_Hwk_Chapter_6A - ACCT 250 HOMEWORK CHAPTER 6A E6-26 1 2...

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ACCT 250 HOMEWORK CHAPTER 6A 610ed3441cf646b6d95e0246aeb1232909dcad06.xls PAGE 1 OF 4 E6-26 1 B 2 F 3 E 4 I 5 E 6 H 7 L 8 A 9 J 10 K 11 C or D 12 G E6-31 I would choose Regression 1. It has a reasonably high R-square and low SE compared to the other two options has better t-value scores. E6-32 Month Expense Hours 1 2,625 1,499 2 2,670 1,590 3 2,720 1,605 4 2,822 1,655 5 2,855 1,775 6 3,005 1,880 High point 7 2,865 1,785 8 2,905 1,805 9 2,780 1,695 10 2,570 1,410 Low point 11 2,590 1,550 12 Outlier - eliminated 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,100 Horton Manufacturing Inc. Machine-hours Maintenance expense
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ACCT 250 HOMEWORK CHAPTER 6A 610ed3441cf646b6d95e0246aeb1232909dcad06.xls PAGE 2 OF 4 Max 1,880 Min 1,410 Cost Driver Slope High 3,005 1,880 Low 2,570 1,410 Difference 435 470 0.9255 Y = a + bX 3,005 = a + (0.9255 * 1,880) a = 1,265.06 Y = 1,265.06 + (0.9255X) SUMMARY OUTPUT Regression Statistics Multiple R 0.96 R Square 0.93 Adjusted R Square 0.92 Standard Error 38.91 Observations 11 ANOVA df SS MS F Significance F Regression 1 184439.54 184439.54 121.8 0 Residual 9 13628.64 1514.29 Total 10 198068.18 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Intercept 1201.9 142.05 8.46 0 880.56 1523.25 880.56 Hours 0.94 0.09 11.04 0 0.75 1.13 0.75 Y = 1,201.90 + (0.9417X)
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