A manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs and the number of units produced per batch. The recorded the data from the last 30 batches is below. Batch Size Labor Cost Batch Size Labor Cost ($) 26 415 26 395 35 417 40 426 20 355 26 408 29 442 30 445 39 430 31 420 19 336 19 400 19 375 26 380 21 360 35 425 40 450 41 424 36 460 30 397 36 432 39 454 40 458 35 424 29 425 19 405 24 400 31 390 35 470 24 413 Determine the fixed and variable labor costs. (Round your answers to the nearest cent.) fixed cost $ variable labor cost $
A manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs and the number of units produced per batch. The recorded the data from the last 30 batches is below. Batch Size Labor Cost Batch Size Labor Cost ($) 26 415 26 395 35 417 40 426 20 355 26 408 29 442 30 445 39 430 31 420 19 336 19 400 19 375 26 380 21 360 35 425 40 450 41 424 36 460 30 397 36 432 39 454 40 458 35 424 29 425 19 405 24 400 31 390 35 470 24 413 Determine the fixed and variable labor costs. (Round your answers to the nearest cent.) fixed cost $ variable labor cost $
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs and the number
of units produced per batch. The recorded the data from the last 30 batches is below.
Batch Size Labor Cost Batch Size Labor Cost ($)
26
415
26
395
35
417
40
426
20
355
26
408
29
442
30
445
39
430
31
420
19
336
19
400
19
375
26
380
21
360
35
425
40
450
41
424
36
460
30
397
36
432
39
454
40
458
35
424
29
425
19
405
24
400
31
390
35
470
24
413
Determine the fixed and variable labor costs. (Round your answers to the nearest cent.)
fixed cost
$
variable labor cost
$
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