George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots....
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Accounting
George Caloz & Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the companys products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks:
Week
Units
Total Etching Cost
1
12
$ 26
2
11
22
3
13
28
4
9
19
5
12
25
6
14
28
71
$ 148
For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week.
Exercise 5A-5 Part 2 (Algo)
2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week.
2-b. Express these estimates in the form Y = a + bX.
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