Question
Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 430 $ 6,130 February 380 $ 5,639 March 449 $ 6,345 April 464
Lacourse Inc.'s inspection costs are listed below:
| Units Produced | Inspection Costs | |||||
| January | 430 | $ | 6,130 | |||
| February | 380 | $ | 5,639 | |||
| March | 449 | $ | 6,345 | |||
| April | 464 | $ | 6,483 | |||
| May | 406 | $ | 5,889 | |||
| June | 381 | $ | 5,642 | |||
| July | 456 | $ | 6,410 | |||
| August | 407 | $ | 5,902 | |||
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:
Multiple Choice
$1,759
$1,801
$5,639
$5,813
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Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t
Authors: U. S. Government Accountability Office
1st Edition
1287232027, 978-1287232025
