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UMN inc manufactures Ice-cream making machines and then sells it to the distributors The number of machine manufactured and sold throughout the year are given
UMN inc manufactures Ice-cream making machines and then sells it to the distributors | ||
The number of machine manufactured and sold throughout the year are given below | ||
There is no opening inventory and ending inventory. | ||
Month | # of Machines | Total |
sold | Cost | |
1 | 100 | $ 75,000 |
2 | 150 | $ 115,000 |
3 | 280 | $ 210,000 |
4 | 300 | $ 250,000 |
5 | 350 | $ 265,000 |
6 | 550 | $ 345,000 |
7 | 500 | $ 320,000 |
8 | 570 | $ 350,000 |
9 | 500 | $ 340,000 |
10 | 490 | $ 330,000 |
11 | 230 | $ 150,000 |
12 | 400 | $ 275,000 |
Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
Requirements: | ||
(i) Variable cost per Machine= $ | ||
(ii) Fixed cost per month = $ | ||
(iii) Semi Variable costs per month = $ | ||
(iv) Semi Fixed costs per month = $ | ||
REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
Need 100% Correct answer, with Step-by Step Answer |
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