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The controller of the Icarus Company wants you to estimate a cost function from the following two observations in a general ledger account called Maintenance
The controller of the Icarus Company wants you to estimate a cost function from the following two observations in a general ledger account called Maintenance Click to view the information.) Required Information 1. Estimate the cost function for maintenance 2. Can the constant in the cost function be used as an estimate of food maintenance cost per month? Explain Requirement 1. Estimate the cost function for maintenance. (Round your answers to the nearest certas needed. Maintenance costs Maintenance costs Month January February Machine-Hours Maintenance Costs incurred 10.000 $ 4.100 15,000 5,800 Requirement 2. Can the constant in the cost function be used as an estimate of red maintenance cost per month Print Done The cost function in requirement 1 is an estimate of how costs behave the relevant range, not at cost maintenance account, data in that account be used to estimate the fixed costs at the zero machine-hours level. The constant component of the cost function provides the best available starting straight line that approximates how a cost behaves Choose from any liat or enter any number in the input fields and then continue to the next question MacBook 282 Fe 2 3 4 5 & 7 6 8 9 0 W E R T
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