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A LLC started its business in the beginning of January 2019, trading of coffee bean bags as its business Following is the relevant data for
A LLC started its business in the beginning of January 2019, trading of coffee bean bags as its business | ||
Following is the relevant data for its total costs and number of coffee bean bags sold | ||
Month | # of Coffee | Total |
Beans | Cost | |
Jan | 200 | $ 115,000 |
Feb | 250 | $ 140,000 |
Mar | 280 | $ 120,000 |
Apr | 310 | $ 155,000 |
May | 370 | $ 177,000 |
June | 520 | $ 249,000 |
July | 560 | $ 230,000 |
Aug | 570 | $ 242,000 |
Sep | 480 | $ 236,000 |
Oct | 490 | $ 235,000 |
Nov | 230 | $ 115,000 |
Dec | 310 | $ 170,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Variable cost per Coffee Bean Bag= $ | ||
Fixed cost per month = $ | ||
Semi Variable costs per month = $ | ||
Semi Fixed costs per month = $ | ||
REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
I ALREADY GOT INCORRECT ANSWERS |
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