Sox Company has the following twelve months of cost data.
by | Mar 18, 2020 | Uncategorized
| Sox Company has the following twelve months of cost data. |
| Months |
Units |
Costs |
| Jan |
100 |
$ 30,700 |
| Feb |
120 |
$ 35,900 |
| Mar |
140 |
$ 41,200 |
| Apr |
140 |
$ 39,200 |
| May |
180 |
$ 49,100 |
| Jun |
160 |
$ 44,700 |
| Jul |
175 |
$ 48,300 |
| Aug |
150 |
$ 42,000 |
| Sep |
125 |
$ 37,300 |
| Oct |
130 |
$ 37,100 |
| Nov |
175 |
$ 49,700 |
| Dec |
160 |
$ 44,800 |
| Answer the following: |
|
1. What is the estimate for variable costs, fixed costs and the cost formula using the High Low Method?
|
| 2. What is the estimate for variable costs, fixed costs, the cost formula, r, and r2 using Regression? |
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