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Regression

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Regression

  • This topic has 7 replies, 3 voices, and was last updated 14 years ago by mulo.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • May 16, 2011 at 1:45 pm #44244
    amanambu
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    Pls who can help me out in this explaning the generation of 23 in the solution of this question.

    Question
    Regression analysis was used to find the equation Y = 300-4.7X, where X is time (in quarters) and Y is sales level in thousand of units. Given that X =0 represents 20×0 quarter 1 what are the forecast sales levels for 20×5 quarter 4?

    Solution
    X =0 corresponds to 20×0 quater 1
    therefore X=23 corresponds to 20×5 quarter 4
    forecast sales = 300 -(4.7×23)
    = 191.9 = 191,900 units.

    How did 23 come about.

    May 19, 2011 at 4:46 pm #61606
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 1
    • ☆

    Are you sure that there is no information missing from the question?

    May 19, 2011 at 5:54 pm #61607
    amanambu
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    i got the question from bpp study text and i didnt leave anything out.

    tnks

    May 21, 2011 at 11:22 am #61608
    amanambu
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    hey mwamburi i ve been able to get solution to the question i asked. this is the reason for the 23.

    in the question there is 4quarters x 6years (20×0 – 20×5) = 24
    less 1 quarter (20×0) = 23.

    Do you understand it?

    May 21, 2011 at 11:33 am #61609
    amanambu
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    now i have another question.

    Joint process
    Two prdts P & Q are created from a joint process. P can be sold immediately after split-off, Q requires further processing into product X before it is in a saleable condition. there are no opening inventories and no working in progress of product P, Q or X. The following data are avaiable for last period.
    $
    Total joint production costs 350,000
    further processing cost of product Q 66,000

    product production closing
    units inventory units
    P 420,000 20,000
    X 330,000 30,000

    Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product X for last period?

    May 21, 2011 at 9:31 pm #61610
    mulo
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    where u got this question?… coz i think there is missing something

    May 21, 2011 at 10:34 pm #61611
    amanambu
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    hi mulo

    i got d question from this web page – open tuition. did u download d lecture note/question and answer in open tuition site?

    May 23, 2011 at 2:47 am #61612
    mulo
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    no.. im assuming that 420000 and 330000 are production units
    Total production units: P 420000
    x 330000
    Total units = 750000
    joint cost apportioned to Q that is x = 330000/750000 x 350000 = 154000
    Total product of x = 66000+154000 = 220000
    closing stock of x = production – sales 330000-30000=300000
    300000/330000×220000 = 200000
    i hope this is how it should be.

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    Posts
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