Answered step by step
Verified Expert Solution
Question
1 Approved Answer
'Sefu The' has been appointed as the manager of a tourist site. He classifies maintenance costs as a mixed cost as it increases with increase
'Sefu The' has been appointed as the manager of a tourist site. He classifies maintenance costs as a mixed cost as it increases with increase in number of tourists and even at days when the site is closed, he still needs to bear some maintenance costs. Taking data of the last 7 months he got the following scatter graph: Site Maintenance Costs C . 0 No. of tourists + If a = 33200 ; b = 55800; C = 90100; d = 12700 TAKE AT LEAST TWO DECIMAL PLACES WHEREVER APPLICABLE [1 mark] (a) the fixed maintenance cost per month is $ [1 mark] (b) the variable maintenance cost per tourist is $ [1 mark] (c) if 15800 tourists visit the site next month, the total maintenance cost is expected to be $
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