Question - Tempe, Inc., is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis:
|
Scatter Diagram
|
Regression Analysis
|
|
Variable cost per unit sold
|
$6.50
|
$6.80
|
|
Total monthly fixed cost
|
$45,000
|
$42,500
|
Tempe is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
$159,500.
$162,000.
$164,900.
$167,400.
An amount other than those listed above.