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IOP inc is an interior designer, who provides its services to residential homes IOP inc takes customized order from the customers and then charges a
| IOP inc is an interior designer, who provides its services to residential homes | ||
| IOP inc takes customized order from the customers and then charges a single amount | ||
| by raising a bill of whole package. Following is the relevant data for the upcoming year | ||
| Month | # of Homes | Total |
| served | Cost | |
| Jan | 220 | $ 19,000 |
| Feb | 250 | $ 20,000 |
| Mar | 300 | $ 25,000 |
| Apr | 300 | $ 25,000 |
| May | 350 | $ 26,500 |
| June | 650 | $ 42,500 |
| July | 500 | $ 32,000 |
| Aug | 570 | $ 35,000 |
| Sep | 550 | $ 34,000 |
| Oct | 490 | $ 33,000 |
| Nov | 200 | $ 14,000 |
| Dec | 400 | $ 28,000 |
| Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
| Requirements: | ||
| (i) Variable cost per package= $ | ||
| (ii) Fixed cost per month = $ | ||
| (iii) Semi Variable costs per month = $ | ||
| (iv) Semi Fixed costs per month = $ | ||
| REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
| I ALREADY GOT INCORRECT ANSWERS | ||
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Designing Cost Management Systems To Support Business Decision-MakingIndustry Inspired Case Studies
Authors: Pieter Buys
1st Edition
9811617503, 9789811617508
