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For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of $10,000. One thousand tapes were
For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of $10,000. One thousand tapes were produced. For May the cost to make tapes will be $2.20 per tape plus fixed costs of $10,000. Fifteen hundred tapes are expected to be produced. What are the estimates for the intercept and slope coefficient for May, respectively? A) $2.00 and $10,000.00 B) $2.20 and $10,000.00 C) $10,000.00 and $2.00 D) $10,000.00 and $2.20 E) $22,000 and $10,000
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