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need correct help with explanation computation formula

need correct help with explanation computation formula

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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7. If the company will use 230 hours labor hours in July, what would be the total predicted cost of maintenance? 8. How much is the total variable cost of maintenance if least square method is used assuming 150 labor hours is consumed in July? 9. What is the predicted cost of Maintenance for the nonth of July assuming 150 labor hours are consumed if least square method is used.
Transcribed Image Text:7. If the company will use 230 hours labor hours in July, what would be the total predicted cost of maintenance? 8. How much is the total variable cost of maintenance if least square method is used assuming 150 labor hours is consumed in July? 9. What is the predicted cost of Maintenance for the nonth of July assuming 150 labor hours are consumed if least square method is used.
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 5,960 190 130 110 180 190 110 6,230 5,320 Answer the following. Show solutions. All answers in two decimal places.
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 5,960 190 130 110 180 190 110 6,230 5,320 Answer the following. Show solutions. All answers in two decimal places.
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