Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

2nd Canadian Edition

0070964777, 9780070964778

More Books

Students also viewed these Accounting questions

Question

Find the first partial derivatives of the function. u = x y/z

Answered: 1 week ago