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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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