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maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May Labor hours Maintenance cost P6,170 5,530 5,230 5,960 6.230 190 130 110 180 190

maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May Labor hours Maintenance cost P6,170 5,530 5,230 5,960 6.230 190 130 110 180 190

FINANCIAL ACCOUNTING
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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DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May June Labor hours Maintenance cost P6,170 5,530 5,230 5,960 6,230 5,320 190 130 110 180 190 110 Answer the following. Show solutions. All answers in two decimal places. 1. Compute for the summation of XY. 2. Compute for the summation of X squared. 3. Using Hi-Lo method, what is the estimated fixed cost per month for maintenance
Transcribed Image Text:DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May June Labor hours Maintenance cost P6,170 5,530 5,230 5,960 6,230 5,320 190 130 110 180 190 110 Answer the following. Show solutions. All answers in two decimal places. 1. Compute for the summation of XY. 2. Compute for the summation of X squared. 3. Using Hi-Lo method, what is the estimated fixed cost per month for maintenance
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