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4 A bookseller sells books printed by popular poets across the world. It sells in a lot of 20 books per set to retail shops.
4
| A bookseller sells books printed by popular poets across the world. It sells in a lot of | ||
| 20 books per set to retail shops. Expected Sales and its associated costs for the | ||
| upcoming year are given below | ||
| Month | # of Set | Total |
| sold | Cost | |
| Jan | 230 | $ 10,000 |
| Feb | 550 | $ 26,500 |
| Mar | 560 | $ 27,000 |
| Apr | 650 | $ 31,500 |
| May | 400 | $ 21,000 |
| June | 560 | $ 26,250 |
| July | 680 | $ 32,000 |
| Aug | 700 | $ 32,500 |
| Sep | 500 | $ 24,000 |
| Oct | 600 | $ 26,750 |
| Nov | 600 | $ 28,000 |
| Dec | 500 | $ 24,500 |
| Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
| Requirements: | ||
| (i) Variable cost per Set= $ | ||
| (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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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
9781259722660
