Question
Use the following information to answer the following question: Month Meals Served Utilities Costs December 45 401.00 January 35 360.00 February 25 347.00 March 40
Use the following information to answer the following question:
Month Meals Served Utilities Costs
December 45 401.00
January 35 360.00
February 25 347.00
March 40 385.00
April 50 414.00
20 Using the method of least squares, the variable rate for utilities costs per meal served is?
21 Using the method of least squares, the fixed cost is?
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
