Apply Regression to the Data Shown Below

question 6

Multiple Choice

Apply regression to the data shown below.The forecast for next January's sales is:

• A)150.0
• B)477.3
• C)450.0
• D)Not enough information is given to make a forecast

Explain the nature of accumulated depreciation in accounting records.

Clarify the misconceptions about the accounting cycle and common practices.

Comprehend the structure and utility of an end-of-period spreadsheet heading.

Understand the process and importance of recording adjustments in the journal and posting them to the ledger.

---

Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes to fixed costs and profit.

Variable Costs

Expenses that fluctuate directly with the volume of production or sales, such as raw materials and direct labor costs.

Fixed Costs

Constant expenditures that do not change with the volume of production or sales, such as rent or salaries.