Question
The following four months of data were collected on utility cost and the number of labor hours in a factory. Month Utility cost Labor hours
The following four months of data were collected on utility cost and the number of labor hours in a factory.
Month Utility cost
Labor hours
January $115,550 7,540
February 106,782 6,900
March 105,400 6,840
April 110,112 7,150
What would be the estimate of electricity cost if the factory incurred 7,250 labor hours next month?
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Accounting Managing Business Information Preliminary Edition Volume I
Authors: Thomas L. Albright , Robert W. Ingram
1st Edition
0324061625, 978-0324061628
