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Group Activity You are given the following data for output at a factory and costs of production over the past five months. Month Output 20,000 16,000 Costs January February P4,100,000 3,500,000 March 24,000 22,000 4,500,000 4,250,000 April May 18,000 3,650,000 Required 1. Analyze the production costs into fixed and variable costs, based on the data given, utilizing the linear regression analysis. 2. Prepare a budget for total costs if output is 25,000 units.

Group Activity You are given the following data for output at a factory and costs of production over the past five months. Month Output 20,000 16,000 Costs January February P4,100,000 3,500,000 March 24,000 22,000 4,500,000 4,250,000 April May 18,000 3,650,000 Required 1. Analyze the production costs into fixed and variable costs, based on the data given, utilizing the linear regression analysis. 2. Prepare a budget for total costs if output is 25,000 units.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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Group Activity You are given the following data for output at a factory and costs of production over the past five months. Month Output 20,000 Costs January P4,100,000 February 16,000 3,500,000 March 24,000 22,000 4,500,000 4,250,000 April May 18,000 3,650,000 Required 1. Analyze the production costs into fixed and variable costs, based on the data given, utilizing the linear regression analysis. 2. Prepare a budget for total costs if output is 25,000 units.
Transcribed Image Text:Group Activity You are given the following data for output at a factory and costs of production over the past five months. Month Output 20,000 Costs January P4,100,000 February 16,000 3,500,000 March 24,000 22,000 4,500,000 4,250,000 April May 18,000 3,650,000 Required 1. Analyze the production costs into fixed and variable costs, based on the data given, utilizing the linear regression analysis. 2. Prepare a budget for total costs if output is 25,000 units.
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