Question
The following information is available for wages from IGM Resort: Month Rooms sold Wages Rooms*Wages Rooms 2 Wages 2 January 75 $250 $18,750 5,625 $62,500
The following information is available for wages from IGM Resort:
| Month | Rooms sold | Wages | Rooms*Wages | Rooms2 | Wages2 |
| January | 75 | $250 | $18,750 | 5,625 | $62,500 |
| February | 115 | 310 | 13,225 | 13,225 | 96,100 |
| March | 190 | 400 | 76,000 | 36,100 | 160,000 |
| April | 60 | 240 | 14,400 | 3,600 | 57,600 |
| May | 135
| _355 | _47,925 | 18,225
| 126,025 |
| Totals | 575
| 1,555
| 192,725
| 76,775
| 502,225
|
]Compute the variable cost per room for IGM Resort using the method of least squares or regression analysis. Rounded to two decimal places, this value would be:
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
