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Instructions 1 Atimwer Ali questroms 3 Marks allocared for each quesuon is mdraied aa bhe end of the quesuon: 3 Show ill you warkmge Questian
Instructions Atimwer Ali questroms Marks allocared for each quesuon is mdraied aa bhe end of the quesuon: Show ill you warkmge Questian Ome Requred a Estumete the cost functron usmg the followigg methods: Figh lorty ritethod ii Regression anilyssy method moured for madtime hours: answersThe following information relates to bright star company ltd for the year ended st December Machine hour Overhead costs Required a Estimate the cost function using the following methods. i High low method marks ii Regression analysis method marks b Using the functions obtained in ai and ii above estimate the overhead costs to be incurred for machine hours marks c Calculate correlation coefficient and coefficient of determination and interpret your answers
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Atimwer Ali questroms
Marks allocared for each quesuon is mdraied aa bhe end of the quesuon:
Show ill you warkmge
Questian Ome
Requred
a Estumete the cost functron usmg the followigg methods:
Figh lorty ritethod
ii Regression anilyssy method
moured for madtime hours:
answersThe following information relates to bright star company ltd for the year ended st December
Machine hour Overhead costs
Required
a Estimate the cost function using the following methods.
i High low method marks
ii Regression analysis method marks
b Using the functions obtained in ai and ii above estimate the overhead costs to be incurred for machine hours marks
c Calculate correlation coefficient and coefficient of determination and interpret your answers
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