Alawyer can argue a case in court for one hour and make $300. she could alternatively use that hour of time to type a legal brief in her office. what is the opportunity cost of her typing the legal brief? nothing, since she would always hire an administrative assistant to type for her nothing, since she would never type a legal brief there is not enough information in this problem to be able to answer the question. $300, since that is the amount she could have made by arguing a case in court

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

Which are the best examples of costs that should be considered when creating a project budget?

Which plan offers a tax-free education?