Fenway Telcom Has Three Divisions,commercial,retail,and Consumer,that Share the Common Costs

question 1

Multiple Choice

Fenway Telcom has three divisions,commercial,retail,and consumer,that share the common costs of the company's computer server network.The annual common costs are $2,400,000.You have been provided with the following information for the upcoming year: The cost accountant determined $1,700,000 of the server network's costs were fixed and should be allocated based on the number of connections.The remaining costs should be allocated based on the time on the network.What is the total server network costs allocated to the Commercial Division,assuming the company uses dual-rates to allocate common costs?

• A)$514,286.
• B)$480,000.
• C)$600,000.
• D)$565,000.

Determine the significance of regression models.

Calculate and interpret the multiple coefficient of determination.

Understand the use of dummy variables in regression models.

Develop the ability to conduct regression analysis and interpret its output.

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Definitions:

Gilded Age

A period in U.S. history from the 1870s to about 1900, marked by rapid industrialization, economic growth, and ostentatious displays of wealth among the upper class.

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Exodusters

African Americans who migrated from the Southern United States to Kansas in the late 19th century to escape racial oppression and seek better opportunities.

Coolie Trade

The Coolie trade involved the indentured labor of workers from Asia, particularly China and India, who were transported to work in foreign lands under oppressive conditions in the 19th and early 20th centuries.