Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sorry i just updated wrong question Calculate the expected costs when production is 5,400 units. (Round per unit calculations to 2 decimal places, eg. 15.26

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
sorry i just updated wrong question
image text in transcribed
Calculate the expected costs when production is 5,400 units. (Round per unit calculations to 2 decimal places, eg. 15.26 and final answer to the nearest whole dollar, eg. 5,275.) Cost to produce 5,400 units The controller of Oriole industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. $480 and $210, respectively. Calculate the unit variable costs and fixed costs using regression analysis for this mixed cost. Present your solution in the form of a cost formula. (Round answers to 2 decimal places, eg. 2.45.) Intercept Slope The cost equation is: \$ +$ units produced = Total cost Cullumber Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,400 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $480 and $210, respectively

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions