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FNG express inc manufactures small-sized trucks in California, USA. It begins its business in 2020. It manufactures trucks on the basis of order from the
FNG express inc manufactures small-sized trucks in California, USA. It begins its business | ||
in 2020. It manufactures trucks on the basis of order from the clients, i.e., there will be | ||
no opening and ending inventory. Relevant data is given below | ||
Month | # of Trucks | Total |
sold | Cost | |
Jan | 100 | $ 75,000 |
Feb | 150 | $ 115,000 |
Mar | 280 | $ 210,000 |
Apr | 300 | $ 250,000 |
May | 320 | $ 225,000 |
June | 520 | $ 325,000 |
July | 520 | $ 330,000 |
Aug | 570 | $ 350,000 |
Sep | 500 | $ 340,000 |
Oct | 490 | $ 330,000 |
Nov | 230 | $ 150,000 |
Dec | 400 | $ 275,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Truck= $ | ||
(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 | ||
Need 100% Correct answer, with Step-by Step Answer |
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