Question
Inspection costs at one of the Giuliano Corporation factories are listed below: Units produced Inspection cost February 911 $16,812 March 961 $17,200 April 917 $
Inspection costs at one of the Giuliano Corporation factories are listed below:
Units produced Inspection cost
February 911 $16,812
March 961 $17,200
April 917 $ 16,865
May 901 $ 16.710
June 923 $16,894
July 908 $ 16.780
August 925 $16,932
September 865 $16,300
Oct 904 $16,738
Management believes that the inspection cost is a mixed cost that depends on the units produced.
Using the min-max method, calculate fixed component of inspection cost per month .
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
