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Mzinga ltd reported the following costs for the 12- month period from 1 January 2022 to 31 December 2022 Period Total Production cost ( Shs
Mzinga ltd reported the following costs for the 12- month period from 1 January 2022 to 31 December 2022
PeriodTotal Production cost
( Shs 000}
Level of activity
(Units Produced)
January 460 30February 30022March 48033
April
550
39May
570
41June 310 26July
410
29August
455
32September
530
38October 250 15November 70045December49035
Required:
i) Using linear regression, establish the production function in the form of Y= a+ bx
ii) From the equation above (i) estimate the production cost that would be incurred on 50 units
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