In this global pandemic situation the largest fuel pump of state owned oil company is revisiting its employability situation. Below is the data given for number of employees at different period and salary cost. Month number of employees 123456 20 22 21 21 24 25 25 Salary cost 000 98 99 99 104 113 113 Compute estimates of the variable and fixed cost components using High-Low method. Compute regression estimates of the variable- and fixed-cost components in the salary cost 'behavior pattern. Calculate the salary cost for 27 employees using high low and regression equation. |