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following output (this is based on the same data as the previous two exercises): ...

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Question

Accounting

following output (this is based on the same data as the previous two exercises):
Required:
a. Use the regression output given to develop the cost equation Y=f+vx by filling in the dollar
amounts for f and v.
b. What would the company's estimated costs be if it used 70,000 machine hours next month?
c. What would the company's estimated costs be if it used 12,000 machine hours next month?
Contribution Margin Income Statement, Service Company. Last month Nakahara Cuisine,
Inc. had total sales of $600,000. Food preparation and service costs totaled $270,000(20
percent fixed, 80 percent variable). Selling and administrative costs totaled $90,000(70 percent
fixed, 30 percent variable).
Required:
a. Prepare a traditional income statement for the company.
b. Prepare a contribution margin income statement for the company.
c. Why do companies use the contribution margin income statement format?
Regression Analysis Using Excel (Appendix). Silverado Company produces computer tablets.
Management wants to estimate the cost of production equipment used to produce the tablets.
The company reported the following monthly cost data related to production equipment:
image

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