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How muchh is the total cost of production 150 grams of honey if the company uses the least squares method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

How muchh is the total cost of production 150 grams of honey if the company uses the least squares method.

The correct accountant of Sweet Company recorded these cost of producing honeybee:

Days Grams Produced Total Cost Incurred

Mon 100 P1,000

Tues 75 600

Wed 25 400

Thurs 150 1,500

Frid 175 1,600

Sat 50 600

Sun 125 1,300

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