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A supplier of home inverter batteries has expected its total sales and total costs for the next year 2021. Data is given below. Month #
| A supplier of home inverter batteries has expected its total sales and total costs | ||
| for the next year 2021. Data is given below. | ||
| Month | # of Batteries | Total |
| sold | Cost | |
| Jan | 300 | $ 15,000 |
| Feb | 450 | $ 22,000 |
| Mar | 560 | $ 27,000 |
| Apr | 270 | $ 21,000 |
| May | 450 | $ 23,000 |
| June | 550 | $ 26,000 |
| July | 650 | $ 31,000 |
| Aug | 710 | $ 33,000 |
| Sep | 560 | $ 26,250 |
| Oct | 570 | $ 26,750 |
| Nov | 550 | $ 26,000 |
| Dec | 300 | $ 17,000 |
| Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
| Requirements: | ||
| (i) Variable cost per Battery= $ | ||
| (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 | ||
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College Accounting, Chapters 1-9
Authors: James A. Heintz
20th Edition
0538745223, 9780538745222
