Question
month Cost hours jan $40,000 3600 feb 38,500 3000 march 36,280 3300 April 38,000 3500 may 69,850 5850 june 45,000 4250 a) what is the
month Cost hours
jan $40,000 3600
feb 38,500 3000
march 36,280 3300
April 38,000 3500
may 69,850 5850
june 45,000 4250
a) what is the slope coefficient?
b) What is the constant for the estimated cost equaion?
c) What is the estimated cost function for the above data?
d) What is the estimaed total cost at an operating level of 3100 hours?
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
