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Homework answers / question archive / Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys
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 of 
Operating 
January 
215 
$ 5,500 
February 
210 
5,740 
March 
380 
5,800 
April 
625 
8,675 
May 
750 
9,000 
June 
630 
9,760 
July 
400 
6,200 
August 
350 
6,155 
September 
300 
5,980 
October 
330 
6,010 
November 
200 
4,950 
December 
150 
4,500 

Required : 

3. 
Using the highlow 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 highlow 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 leastsquares regression analysis on Leslie’s data. (Use Microsoft Excel or a statistical package to find the coefficients using leastsquares 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 leastsquares 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.) 



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