Eszhan Begenov Excel

# Eszhan Begenov Excel - Direct Labor-Hours Week 1 Week 2...

This preview shows page 1. Sign up to view the full content.

This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Direct Labor-Hours Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Total Slope Intercept RSQ 8920 8810 8950 8990 8840 8890 8950 8990 71340 Machine-Hours 0 7200 8200 8700 7200 7400 8800 6400 7700 61600 2.24 63528.11 0.28 Electrical Costs 0 77100 84400 80400 75500 81100 83300 79200 85500 646500 According to the calculations carried out by Excel, the fixed maintenance cost (the intercept) is 63,528 Y=a +bX Y=63,528.11+2.24X \$63,528.11 per week plus \$2.24 per hour The R2 (i.e., RSQ) is 0.28, which is quite good and indicates that 28% of the variation in maintenance A Scattergraph Plot 100000 90000 80000 70000 Electrical Costs 60000 50000 40000 30000 20000 10000 0 0 2000 4000 6000 8000 10000 12000 Machine-Hour 20000 10000 0 0 2000 4000 6000 8000 10000 12000 Machine-Hour cost (the intercept) is 63,528.11per week and the variable cost (the slope) is 2.24 per hour. Therefore, the cost formula for m the variation in maintenance costs is explained by the variation in number of hours. x y Column L Column E 0 4000 5000 6000 7000 8000 9000 10000 63528.11 72488.11 74728.11 76968.11 79208.11 81448.11 83688.11 85928.11 10000 12000 10000 12000 refore, the cost formula for maintenance cost is: ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online