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2 AZX inc is a supplier of apple fruits to various shops. Minimum order to execute an order is 1 Tonne of apple. The costs
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| AZX inc is a supplier of apple fruits to various shops. Minimum order to execute an order | ||
| is 1 Tonne of apple. The costs to grow and supply apples to its destination and number of | ||
| Tonnes sold during the last year is given below | ||
| Month | # of Tonnes | Total |
| sold | Cost | |
| Jan | 175 | $ 16,500 |
| Feb | 250 | $ 20,000 |
| Mar | 300 | $ 25,000 |
| Apr | 300 | $ 25,000 |
| May | 350 | $ 26,500 |
| June | 700 | $ 45,000 |
| July | 500 | $ 32,000 |
| Aug | 570 | $ 35,000 |
| Sep | 500 | $ 34,000 |
| Oct | 490 | $ 33,000 |
| Nov | 220 | $ 15,000 |
| Dec | 400 | $ 27,500 |
| Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
| Requirements: | ||
| (i) Variable cost per Tonne= $ | ||
| (ii) Fixed cost per month = $ | ||
| (iii) Semi Variable costs per month = $ | ||
| (iv) Semi Fixed costs per month = $ | ||
| REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
| I ALREADY GOT INCORRECT ANSWERS | ||
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
