Question 3 XYZ company provides the following information processed by its analyst department : Statistics Covariance Correlation Standard Deviation x Standard Deviation y Variance x Variance y Mean(x) Mean (y) 72640 0.82 79.1 21.35 6254 456 842 17250 Using the information given on the table above 1. Find the variable cost per unit 2. Calculate the fixed cost 3. State the cost function 4. If X=180 find Y Question 4 Answer these questions briefly 1. Using examples differentiate between prime cost and conversion cost 2. How does mixed cost differ from variable cost? Illustrate your answer by sketch graph. 3. What are the main features of information provided to the management accounting department? 4. Compare and contrast variable cost and fixed cost. 5. State a cost function and why do we have to use it in management accounting? Question 3 XYZ company provides the following information processed by its analyst department : Statistics Covariance Correlation Standard Deviation x Standard Deviation y Variance x Variance y Mean(x) Mean (y) 72640 0.82 79.1 21.35 6254 456 842 17250 Using the information given on the table above 1. Find the variable cost per unit 2. Calculate the fixed cost 3. State the cost function 4. If X=180 find Y Question 4 Answer these questions briefly 1. Using examples differentiate between prime cost and conversion cost 2. How does mixed cost differ from variable cost? Illustrate your answer by sketch graph. 3. What are the main features of information provided to the management accounting department? 4. Compare and contrast variable cost and fixed cost. 5. State a cost function and why do we have to use it in management accounting