The following information was gathered by the managerial accountant to estimate the 2nd quarter's utility cost: Months Utility Cost Direct labor hours January ₱8,520 1809 February ₱7,628 1421 March ₱5,712 912 April ₱6,746 1102 Summation of X 5,244 Summation of Y 28,606 Summation of XY 38,895,504 Summation of X-squared 7,337,870 Using the regression analysis, what is the estimated cost-function for the 2nd quarter?

The following information was gathered by the managerial accountant to estimate the 2nd quarter's utility cost: Months Utility Cost Direct labor hours January ₱8,520 1809 February ₱7,628 1421 March ₱5,712 912 April ₱6,746 1102 Summation of X 5,244 Summation of Y 28,606 Summation of XY 38,895,504 Summation of X-squared 7,337,870 Using the regression analysis, what is the estimated cost-function for the 2nd quarter?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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