Question: In a manufacturing context explain how product cost can be classified as an asset and then as an expense. what are underlying principles behind this

In a manufacturing context explain how product cost can be classified as an asset and then as an expense. what are underlying principles behind this accounting treatment?
plasma pathology has injured the following costs in its diagnostic blood laboratory during the past 12 month January to December.

month number of test completed cost

January 6100 90 000

February 5300 87000

march 4900 76 200

April 4800 78 100

may 5050 80 700

June 3050 61 000

July 4500 74 500

august 7100 99 000

September 6200 95 600

October 4700 74 800

November 5900 89 000

December 6000 91 000

Required

Use interpreting regression analysis to estimate the variable cost per blood test and the fixed cost per month.
Develop a formula to express the cost behavior exhibited by plasm pathology's cost
Predict the total cost in a month when 5500 test are performed

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