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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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