Question
As part of a cost study, the cost accountant of Tomy . has recorded the cost of operations at seven different levels of material usage.
As part of a cost study, the cost accountant of Tomy . has recorded the cost of operations at seven different levels of material usage. This information is shown as follows:
Kilos of Materials Cost of Operations
100 P1,000
75 600
25 400
150 1,500
175 1,600
50 600
125 1,300
Using the least squares method, the fixed portion of the cost is
A. P109 C. P200
B. P129 D. P271
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
