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A company incoporated in Wales, manufactures Microwave ovens for the home purpose It acquires iron from London and then manufacture it , and assembles all

A company incoporated in Wales, manufactures Microwave ovens for the home purpose
It acquires iron from London and then manufacture it , and assembles all parts to make an
Oven. Sales data and its total cost is provided below
Month # of Oven Total
sold Cost
Jan 100 $ 75,000
Feb 150 $ 115,000
Mar 280 $ 210,000
Apr 300 $ 250,000
May 320 $ 225,000
June 520 $ 325,000
July 520 $ 330,000
Aug 570 $ 350,000
Sep 500 $ 340,000
Oct 450 $ 285,000
Nov 150 $ 120,000
Dec 200 $ 145,000
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING
Find out the following:
(i) Variable cost per Oven= $
(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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