Question
Lacourse Incorporated's inspection costs are listed below: Units Produced Inspection Costs January 432 $6,134 February 382 $5,641 March 451 $6,349 April 466 $6,487 May
Lacourse Incorporated's inspection costs are listed below: Units Produced Inspection Costs January 432 $6,134 February 382 $5,641 March 451 $6,349 April 466 $6,487 May 408 $5,891 June 383 $5,644 July 458 $6,414 August 409 $5,904 He Saved Management believes that inspection cost is a mixed cost that depends on units produced. Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to:
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Accounting For Governmental And Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely
19th Edition
1260118851, 9781260118858
