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33 A tile manufacturer has just started its business on 1/1/2018 and expected its sales and total costs for the upcoming year Month # of
33
A tile manufacturer has just started its business on 1/1/2018 and expected its sales and | ||
total costs for the upcoming year | ||
Month | # of Tiles | Total |
sold | Cost | |
Jan | 420 | $ 21,250 |
Feb | 550 | $ 26,500 |
Mar | 560 | $ 27,000 |
Apr | 650 | $ 31,500 |
May | 450 | $ 23,000 |
June | 560 | $ 26,250 |
July | 680 | $ 32,000 |
Aug | 700 | $ 32,500 |
Sep | 560 | $ 26,250 |
Oct | 600 | $ 26,750 |
Nov | 600 | $ 28,000 |
Dec | 450 | $ 22,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Tile= $ | ||
(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 | ||
Need 100% Correct Answer only |
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