Question
(b) Ntow Ltd prepared the following estimated figures for its Manufacturing Division for the four months ending 31st March 2019: Month Production in units Cost
(b) Ntow Ltd prepared the following estimated figures for its Manufacturing Division for the four months ending 31st March 2019:
Month Production in units Cost ()
January 14,000 220,000
February 16,000 230,000
March 12,000 194,000
Required:
(i) Determine the total cost function (8 Marks)
(ii) Calculate the cost that should be expected in April 2019 when production is anticipated to be 15,000 units.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To determine the total cost function we can use the highlow method which involves selecting the high...
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Step: 2
Step: 3
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
