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A formal short button manufacturer has provided its estimated sales for the upcoming year A Box of bottons contains 100 shirt buttons. Other relevant data
A formal short button manufacturer has provided its estimated sales for the upcoming year | ||
A Box of bottons contains 100 shirt buttons. Other relevant data is given below | ||
Month | # of Boxes | Total |
sold | Cost | |
1 | 100 | $ 85,000 |
2 | 250 | $ 185,000 |
3 | 280 | $ 210,000 |
4 | 300 | $ 250,000 |
5 | 370 | $ 280,000 |
6 | 670 | $ 440,000 |
7 | 550 | $ 350,000 |
8 | 570 | $ 350,000 |
9 | 500 | $ 340,000 |
10 | 490 | $ 330,000 |
11 | 250 | $ 175,000 |
12 | 310 | $ 225,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Box= $ | ||
(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 | ||
I ALREADY GOT INCORRECT ANSWERS |
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