A Regression Model Involving 8 Independent Variables for a Sample $$\begin{array} { l } \mathrm { SSE } = 306 \\\mathrm { SST } = 1800\end{array}$$

question 61

Essay

A regression model involving 8 independent variables for a sample of 69 observations resulted in the following sum of squares. $$\begin{array} { l } \mathrm { SSE } = 306 \\\mathrm { SST } = 1800\end{array}$$ ​
a.
Compute the multiple coefficient of determination.
b.
At α = .05, test to determine whether or not the model is significant.

Distinguish between direct manufacturing costs, conversion costs, and manufacturing overhead in cost accounting.

Calculate and understand the contribution margin and its significance in cost-volume-profit analysis.

Understand the calculation and components of prime costs.

Distinguish between fixed and variable costs and calculate total cost at different activity levels.

---

Definitions:

UNCITRAL Rules

A set of procedural rules adopted by the United Nations Commission on International Trade Law to govern arbitration proceedings.

Export and Import Permits Act

Legislation regulating the export and import of specific goods and technologies to and from a country.

Foreign Distribution Agreement

A legal contract between parties from different countries for the distribution of goods or services in a foreign market.