Determine the fixed and variable labor costs (Round your answers to the nearest cent.) fixed cost variable labor cost
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
Related questions
Question

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 (5)
25
34
19
31
39
21
21
19
40
36
34
29
26
36
423
415
447
430
340
317
362
452
464
438
420
400
469
25
39.
25*8585&
29
31
21
36
39
29
41
35.
21
29
25
395
88888883
429
440
420
400
425
420
401
451
422
410
395
409
Determine the fixed and variable labor costs (Round your answers to the nearest cent)
fixed cost
5
variable labor cost
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