Question
Waste King uses a fleet of trucks in its business, and wants to know how distance affects these costs. Month Miles Driven Total Operating Costs
Waste King uses a fleet of trucks in its business, and wants to know how distance affects these costs.
| Month | Miles Driven | Total Operating Costs |
| Jan | 16500 | 10700 |
| Feb | 18300 | 11200 |
| March | 10300 | 7200 |
| April | 11500 | 7020 |
| May | 14500 | 9600 |
A. Using the high-low method, the variable cost per mile is_______
B. Plot the data and relationship between these two vairables. Draw regression line and evaluate it using criteria fo economic plausibility, goodness of fit, and slope of the regression line.
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Accounting For Management Control
Authors: Emmanuel
2nd Edition
186152272X, 978-1861522726
