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Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys

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Question;Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie?s prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company?s biggest source of revenue.A portion of Leslie?s operating information for the company?s last year follows:Month Number ofJerseys Printed OperatingCostJanuary 215 $ 5,500February 210 5,740March 380 5,800April 625 8,675May 750 9,000June 630 9,760July 400 6,200August 350 6,155September 300 5,980October 330 6,010November 200 4,950December 150 4,500Required:3. Using the high-low method, calculate the store?s total fixed operating costs and variable operating cost per jersey. (Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)4. Using the high-low method results, calculate the store?s expected operating cost if it printed 480 jerseys. (Round your answer to the nearest whole number.)5. Perform a least-squares regression analysis on Leslie?s data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.)6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslie?s operating costs. (Round your answers to 2 decimal places.)7. Using the least-squares regression results, calculate the store?s expected operating cost if it prints 625 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.)

 

Paper#61262 | Written in 18-Jul-2015

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