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4. Following Machine Hours and manufacturing overheads are extracted from Manufacturing Company. Machine Factory overheads (Rs.) hours 1,000 12,000 2.000 14,000 3,000 16,000 4,000 18,000
4. Following Machine Hours and manufacturing overheads are extracted from Manufacturing Company. Machine Factory overheads (Rs.) hours 1,000 12,000 2.000 14,000 3,000 16,000 4,000 18,000 20,000 5.000 Required: Calculate variable cost per machine hour and fixed costs using least square method
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