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CVV inc is in the business of providing services related to AMC for all workstations in an office. Total number of AMC expected next year
CVV inc is in the business of providing services related to AMC for all workstations in an | ||
office. Total number of AMC expected next year and its total costs including office rent , | ||
staff salaries etc are given below | ||
Month | # of AMC | Total |
covered | Cost | |
Jan | 200 | $ 18,500 |
Feb | 250 | $ 20,000 |
Mar | 300 | $ 25,000 |
Apr | 300 | $ 25,000 |
May | 350 | $ 26,500 |
June | 600 | $ 40,000 |
July | 500 | $ 32,000 |
Aug | 570 | $ 35,000 |
Sep | 500 | $ 32,500 |
Oct | 490 | $ 33,000 |
Nov | 200 | $ 14,000 |
Dec | 400 | $ 28,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per AMC= $ | ||
(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 | ||
I ALREADY GOT INCORRECT ANSWERS |
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