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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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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
