Using least square method, compute for the annual electricity cost if the machine hours use has a monthly average of 70.00 Amber Company manufacture laptops, preparing the next year budget the accountant complied these data. Month Machine Hours Electricity Cost Jan 80.00 2,330.40 Feb 70.00 2,226.60 Mar 65.00 2,174.70 Apr 60.00 2,122.80 May 60.00 2,122.80 Jun 35.00 1,863.30 Jul 70.00 2,226.60 Aug 86.00 2,392.68 Sep 37.00 1,884.06 Oct 50.00 2,019.00 Nov 96.00 2,496.48 Dec 100.00 2,538.00 10.38 1,500 10,219.20 2,226.60

Using least square method, compute for the annual electricity cost if the machine hours use has a monthly average of 70.00 Amber Company manufacture laptops, preparing the next year budget the accountant complied these data. Month Machine Hours Electricity Cost Jan 80.00 2,330.40 Feb 70.00 2,226.60 Mar 65.00 2,174.70 Apr 60.00 2,122.80 May 60.00 2,122.80 Jun 35.00 1,863.30 Jul 70.00 2,226.60 Aug 86.00 2,392.68 Sep 37.00 1,884.06 Oct 50.00 2,019.00 Nov 96.00 2,496.48 Dec 100.00 2,538.00 10.38 1,500 10,219.20 2,226.60

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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