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An apple fruit distributor sells apples to the supermarkets located locally in New York. Apple (in Kg) sold during the first year of operations are
| An apple fruit distributor sells apples to the supermarkets located locally in New York. | ||
| Apple (in Kg) sold during the first year of operations are given below. | ||
| Month | Apple | Total Cost |
| sold (Kg) | ||
| Jan | 150 | $ 10,000 |
| Feb | 240 | $ 13,800 |
| Mar | 280 | $ 12,000 |
| Apr | 310 | $ 15,500 |
| May | 370 | $ 17,700 |
| June | 500 | $ 23,800 |
| July | 560 | $ 23,000 |
| Aug | 570 | $ 24,200 |
| Sep | 480 | $ 23,600 |
| Oct | 490 | $ 23,500 |
| Nov | 220 | $ 11,200 |
| Dec | 300 | $ 16,800 |
| Solve by Least-squares Regression Method | ||
| Variable cost per Kg = $ | ||
| Fixed cost per month = $ | ||
| REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD AND REGRESSION COEFFICIENT FORMULA | ||
| THIS IS AN ACCOUNTING QUES, SO DO NOT POST IN STATISTICS | ||
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