Aa 128. The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberTotalTotalElectricity Costs Machine Hours$ 1,9202,9503,3004,5503,1704,8904,0103,9305,0204,3903,2606.150250340460690430790650560680615340810 (a)X Your answer is incorrect.Calculate the unit variable costs and fixed costs using regression analysis for this mixed cost. Present your solution in the form of acost formula. (Round answers to 2 decimal places, e.g. 2.45.)InterceptSlopeThe cost equation is: $+ $units produced = Total cost

The regression equation is given as: Y = α + βX + εWhere α : intercept coefficient β : Slope…

The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. January February March April May June July August September October November December Total Electricity Costs $ 1,920 2,950 3,300 4,550 3,170 4,890 4,010 3,930 5,020 4,390 3,260 6.150 Total Machine Hours 250 340 460 690 430 790 650 560 680 615 340 810

The controller of Carla Vista Industries has collected the following monthly cost data for analyzing the behaviour of electricity costs. January February March April May June July August September October November December Total Electricity Costs $ 1,920 2,950 3,300 4,550 3,170 4,890 4,010 3,930 5,020 4,390 3,260 6.150 Total Machine Hours 250 340 460 690 430 790 650 560 680 615 340 810

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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