Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975

Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Using Least Square method compute for the variable and fixed cost
Month
Direct Labor
Cost of Electricity
Jan
170
4500
Feb
160
4225
Mar
150
4321
Apr
180
5250
May
173
4800
Jun
190
5100
Jul
210
4450
Aug
152
4200
Sep
220
5475
Oct
181
4760
Nov
177
4325
Dec
100
3975

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