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Chrome File Edit View History Bookmarks People Window Help 89% Mon Apr 11 2:38:03 PM Benjamin McElwain a E Wiley PLUS C edugen.wileyplus.com /edugen/liti/main.un Return to Blackboard Wiley PLUS Managerial Accounting 2e, WileyPLUS Custom Course for University of California Riverside Help I System Announcements PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 2-11 HW2 Baylor Balloon Bouquets incurred the following monthly costs. 2-9 (Part L Sub Bouquets sold 5,000 7,500 10,000 2-16 Balloons (14 per bouquet) $12,220 $15,172 $18,122 5,000 5,000 5,000 Insurance 2-26 (Part Delivery 5,904 8,127 $10,327 Employee compensation $12,850 $14,072 $15,297 1,500 1,500 1,500 Advertising Review Score Review Results by Study Using the form y mx b, estimate the cost formula for each cost incurred by Baylor Balloon Bouquets. (Round unit cost to 2 decimal places, e.g. 12.25. If the cost Obiective equation has no variable component enter for the amount.) Balloons Insurance x Delivery Employee compensation y x y s x Advertising By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Earn Maximum Points available only if you answer this question correctly in your first

Explanation / Answer

Balloons:

First determine the slope as below:

Slope= (Y2-Y1)/(X2-X1)

           ==(18122-12220)/(10,000-5,000)

              =1.18

Y=1.18x+b

Substitute (7500, 15172) in the above equation

15172=1.18(7500)+b

b=$6,319

hence the equation for the balloon is y=1.18+6319

insurance:

As there is no change in the cost of insurance ,the slope will remain zero.

Desired equation is y=0x+50000

Delivery:

             

First determine the slope as below:

Slope= (Y2-Y1)/(X2-X1)

           ==(10327-5904)/(10,000-5,000)

              =0.885

Y=0.885x+b

Substitute (7500, 8127) in the above equation

8127=0.88(7500)+b

b=$1527

hence the equation for the balloon is y=0.88x+1527

Employee compensation:

First determine the slope as below:

Slope= (Y2-Y1)/(X2-X1)

           ==(15297-12850)/(10,000-5,000)

              =0.49

Y=0.49x+b

Substitute (7500, 14072) in the above equation

14072=0.49(7500)+b

b=$10397

hence the equation for the balloon is y=0.49x+10397

Advertising:

As there is no change in the cost of advertising, the slope will remain zero.

Hence,the desired equation will be y=0x+1500

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