Phyllis Company Limited is a Television set producing Entity. For the just-ended financial year, the Management Accountant has presented the data below showing the units of television sets produced and the total costs incurred at the various levels of production

Units produced Total cost GH

10 4,000

20 4,500

30 5,000

40 6,500

50 7,000

60 7,500

Required: Using the least square regression analysis:

i) Establish the cost equation of the company 10 marks

ii) Estimate the units produced to incur cost of Ghc7, 200 3 marks

iii) The variable cost of production at activity level of 37units. 3marks