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Yates Corp.wants to develop a cost equation for its administrative costs.The controller believes the appropriate cost driver is units produced.Last year's data are presented below:
Required:
(a. )What is the equation for administrative costs using the regression analysis?
(b. )Does the variable "units produced" have statistical significance? Explain.(c. )Prepare an estimate of administrative costs for a month when 30,000 units are produced.
Liquidity
The ability of a company to pay obligations expected to be due within the next year.
Dividend Payments
Dividend payments are distributions of a portion of a company's earnings, decided by the board of directors, to its shareholders.
Trend Analysis
The practice of collecting information and attempting to spot a pattern, often used in financial markets or statistical data analysis.
Horizontal Analysis
An analytical method in financial statements analysis where amounts in a series of financial statements are compared line by line to detect changes and trends over different periods.
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