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Please refer to this problem for the next 3 questions: Inked Company produces and sells rattan baskets. The number of units produced and the corresponding total production costs for six months, which are representatives for the year, are presented in the table below. (1) Using the least squares method, the variable production cost per unit is approximately* Unita Dreducod Dreduction Costs

Please refer to this problem for the next 3 questions: Inked Company produces and sells rattan baskets. The number of units produced and the corresponding total production costs for six months, which are representatives for the year, are presented in the table below. (1) Using the least squares method, the variable production cost per unit is approximately* Unita Dreducod Dreduction Costs

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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Please refer to this problem for the next 3 questions: Inked Company produces and sells rattan baskets. The number of units produced and the corresponding total production costs for six months, which are representatives for the year, are presented in the table below. (1) Using the least squares method, the variable production cost per unit is approximately Month Units Produced Production Costs P4,000 8,000 April 500 May 700 6,000 7,500 June 900 July 600 800 8,500 August 550 7,250 September O P10.00 OP5.00 P3.74 P0.27
Transcribed Image Text:Please refer to this problem for the next 3 questions: Inked Company produces and sells rattan baskets. The number of units produced and the corresponding total production costs for six months, which are representatives for the year, are presented in the table below. (1) Using the least squares method, the variable production cost per unit is approximately Month Units Produced Production Costs P4,000 8,000 April 500 May 700 6,000 7,500 June 900 July 600 800 8,500 August 550 7,250 September O P10.00 OP5.00 P3.74 P0.27
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