Pb6.
lo 2.3gadell farms produces venison sausage that is distributed to grocery stores throughout the southeast. they have collected this shipping cost data:

prepare a scatter graph of the shipping data. plot cost on the vertical axis and tons produced on the horizontal axis. is the relationship between packaging costs and tons produced approximately linear? draw a straight line through the scatter graph.
using the high-low method, estimate the cost formula for gadell farms’ packaging costs.
the least-squares regression method was used and the analysis resulted in this cost equation: y = 1650 + 78.57x. comment on the accuracy of your high-low method estimation.
what would you estimate packaging costs to be if gadell farms shipped 10 tons in a single month? use the cost formula you obtained in part b. comment on how accurately this is reflected by the scatter graph you constructed.
what factors other than number of tons produced do you think could affect gadell farm’s packaging expense? explain.

Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)

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)? $

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?