Aa 128. The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberTotalTotalElectricity Costs Machine Hours$ 1,9202,9503,3004,5503,1704,8904,0103,9305,0204,3903,2606.150250340460690430790650560680615340810 (a)X Your answer is incorrect.Calculate the unit variable costs and fixed costs using regression analysis for this mixed cost. Present your solution in the form of acost formula. (Round answers to 2 decimal places, e.g. 2.45.)InterceptSlopeThe cost equation is: $+ $units produced = Total cost

The regression equation is given as: Y = α + βX + εWhere α : intercept coefficient β : Slope…

The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. January February March April May June July August September October November December Total Electricity Costs $ 1,920 2,950 3,300 4,550 3,170 4,890 4,010 3,930 5,020 4,390 3,260 6.150 Total Machine Hours 250 340 460 690 430 790 650 560 680 615 340 810

The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. January February March April May June July August September October November December Total Electricity Costs $ 1,920 2,950 3,300 4,550 3,170 4,890 4,010 3,930 5,020 4,390 3,260 6.150 Total Machine Hours 250 340 460 690 430 790 650 560 680 615 340 810

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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