Question
The following table shows the number of units produced each month and the total incurred. Month units cost June 200 50,000 July 500 75,000 August
The following table shows the number of units produced each month and the total incurred.
Month units cost
June 200 50,000
July 500 75,000
August 300 55,000
September 800 95,000
October 700 80,000
November 600 80,000
December 400 60,000
Required:
1. estimate the variable cost per unit and the fixed cost per month use high low method
2. Calculate the regression
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
