Module 1 - higher. 4. Regression model October – 12,055...

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

View Full Document Right Arrow Icon
Neal Patel Module 1 Managerial Acct 10-28 1. Y= $840+(4 * quantity purchased) 2. October -12,040 November – 13,240 December – 10,840 3. Using the regression model may be a better fit because quantity purchased cannot be determined by the purchase cost alone. This is according to the goodness of fit model, also cost is the only thing that can be determined so should be stated
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: higher. 4. Regression model October – 12,055 November – 13,156 December – 10,954 The months of October and December have higher cost according to the regression model, and lower for the month of November compared to the high-low model....
View Full Document

This note was uploaded on 12/12/2011 for the course ACCOUNTING 3310 taught by Professor Morgan during the Spring '11 term at East Tennessee State University.

Ask a homework question - tutors are online