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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
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