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QUESTION 3 The following costs were reported by T Daniels Manufacturing Company for six months. Production level (units) Total costs (4) February 8 58 March
QUESTION 3
The following costs were reported by T Daniels Manufacturing Company for six months.
Production level (units) Total costs (4)
February 8 58
March 7 64
April 9 82
May 9 74
June 11 90
July 10 96
Required:
Using the Least Square Method of Linear Regression, determine the:
a. variable cost per unit and total fixed cost (16 marks)
b. total cost at an estimated production level of 12 units and 14 units. (4 marks)
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