Answered step by step
Verified Expert Solution
Question
1 Approved Answer
plz answer the questions ABC company incurred the following maintainance costs during the past 6 months Table 1 Months 1 2 COCOWN 4 5 6
plz answer the questions
ABC company incurred the following maintainance costs during the past 6 months Table 1 Months 1 2 COCOWN 4 5 6 Machine hours 2200 1000 1200 1600 1300 1900 2000 2300 900 Cost 8560 4200 5920 6280 4020 7020 8400 9500 3200 Question 2 A. Use the data on Table 1. estimate the variable and fixed cost of the company using the high and low method B. Develop a cost function for the company. C. Estimate the maintenance cost if 3000 machine hours were used in July Question 3 D. Use the data on Table 1. estimate the variable and fixed cost of the company using the least squares method E. Develop a cost function for the company. F. Estimate the maintenance cost if 2500 machine hours were used in July Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started