The management of Rutledge Corporation would like to better understand the behavior of the company's warranty costs.Those costs are listed below for a number of recent months:
Management believes that warranty cost is a mixed cost that depends on the number of product returns.
Required:
Estimate the variable cost per product return and the fixed cost per month using the least-squares regression method.
Definitions:
Bonds Outstanding
The total amount of issued bonds that are currently held by investors and not yet redeemed.
Cost of Equity
The return that investors expect for investing in a company's equity, reflecting the compensation for the risk of investing.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on their income or profit.
Dividend Growth Rate
The annual rate at which a company's dividend payouts increase, indicative of its financial health and profit distribution policy.
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