Question
Total production costs for the wheelbarrow department of Greene Garden Products over a year are in the table below. Month Units Produced Production cost Jan
Total production costs for the wheelbarrow department of Greene Garden Products over a year are in the table below.
| Month | Units Produced | Production cost |
| Jan | 2,413 | 80,146 |
| Feb | 3,101 | 106,373 |
| Mar | 4,271 | 113,339 |
| Apr | 3,895 | 143,754 |
| May | 3,043 | 102,119 |
| Jun | 5,749 | 168,013 |
| Jul | 3,823 | 122,405 |
| Aug | 2,066 | 77,893 |
| Sep | 3,358 | 93,381 |
| Oct | 2,662 | 99,652 |
| Nov | 3,148 | 101,365 |
| Dec | 4,102 | 130,998 |
Required:
Use high-low analysis and other given information to derive a formula to estimate production costs. (Show working out and round final answers to 2 d.p)
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
978-1119496496
