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Newport, Inc

Question 122

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Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: a. What is Newport's total fixed cost? b. What is Newport's variable cost per unit? c. What total cost would Newport predict for a month in which they sold 5,000 units? d. What proportion of variation in Newport's cost is explained by variation in production? Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: a. What is Newport's total fixed cost? b. What is Newport's variable cost per unit? c. What total cost would Newport predict for a month in which they sold 5,000 units? d. What proportion of variation in Newport's cost is explained by variation in production? a. What is Newport's total fixed cost?
b. What is Newport's variable cost per unit?
c. What total cost would Newport predict for a month in which they sold 5,000 units?
d. What proportion of variation in Newport's cost is explained by variation in production?

Correct Answer:

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a. $38,000
b. $5.75
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