The controller of Iso-Mets Oy wants you to estimate a cost function from the following two observations
Question:
The controller of Iso-Mets Oy wants you to estimate a cost function from the following two observations in a general-ledger account called Maintenance:
Required
1. Estimate the cost function for maintenance.
2. Can the constant in the cost function be used as an estimate of fixed maintenance cost per month? Explain.
Transcribed Image Text:
Maintenance Month Machine-hours costs incurred January February 4000 €3000 7000 3900
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Related Book For
Management And Cost Accounting
ISBN: 9781292232669
7th Edition
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
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