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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 | ||
Need 100% Correct answer, with Step-by Step Answer |
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