Sapling Learning l... C Home | Chegg.com https://mylabs.p.x.p...My Accounting La

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Sapling Learning l... C Home | Chegg.com https://mylabs.p.x.p...My Accounting Lab b New Tab Managerial Accounting Independent Study5 5 Use regression analysis to analyze cost beha 4 of 5 cal Regression analysis set th e cos SUMMARY OUTPUT Regression Statistics rom the Multiple R of150 RSquare 0.92 0.84 0.81 148.38 Adjusted R Square uion Standard Error use the ouANOVA df MS 1 573,116.90 573,116.90 26.03 0.0038 Residhal-5110.083. 10 22.01 6.62 ation explaTotal 6 683,200.00 feel C. n thhe same osts at a vol d then cont Lower Upper PrintDone g0 5

Explanation / Answer

Requirement 1 : Cost equation

y = $ 1263.34 + $ 0.26 X

Requirement 2 :

R - square = 0.84

The R-square indicates that the cost equation explains 84% of the variability in the data.

Requirement 3 :

Volume = 15,000 miles

using the cost equation

Van Operation Cost = 1263.34 + 0.26 * 15000 = 5163.34 miles

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