The chief executive of Dabid's salon is interested in accumulating some information on the overhead costs incurred by the Company. You have been asked to analyze the following six months' worth of data: Month April May June LTT Overhead Cost No. of Appointments 867 P 48,128 45,200 47,120 50,800 47,460 624 689 July August September 974 730 49,920 901 Using the least squares regression method, give an estimate of the fixed cost for each mon O P34,371.72 O P35,631.77 O P36,804.09 O P37,545.70
The chief executive of Dabid's salon is interested in accumulating some information on the overhead costs incurred by the Company. You have been asked to analyze the following six months' worth of data: Month April May June LTT Overhead Cost No. of Appointments 867 P 48,128 45,200 47,120 50,800 47,460 624 689 July August September 974 730 49,920 901 Using the least squares regression method, give an estimate of the fixed cost for each mon O P34,371.72 O P35,631.77 O P36,804.09 O P37,545.70
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 18E: Housley Paints Co. had a remaining debit balance of $25,000 in its under- and overapplied factory...
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