The following are weekly manufacturing labour cost and machine hours of Kamwala machine Rings (Pvt) Ltd Week Manufacturing labour cost Machine hours 1 1 190 68 2 1 211 88 3 1 004 62 4 917 72 5 770 60 6 1 456 96 7 1 180 78 8 710 46 1 316 82 10 1 032 94 11 752 68 12 963 48
The following are weekly manufacturing labour cost and machine hours of Kamwala machine Rings (Pvt) Ltd Week Manufacturing labour cost Machine hours 1 1 190 68 2 1 211 88 3 1 004 62 4 917 72 5 770 60 6 1 456 96 7 1 180 78 8 710 46 1 316 82 10 1 032 94 11 752 68 12 963 48
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
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Question
![The following are weekly manufacturing labour cost and machine hours of Kamwala machine
Rings (Pvt) Ltd
Week
Manufacturing labour cost
Machine hours
1
1 190
68
2
1 211
88
3
1 004
62
4
917
72
5
770
60
1 456
96
7
1 180
78
8
710
46
1 316
82
10
1
1 032
94
11
752
68
12
963
48](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f512202-5d56-47ae-b03e-b353bb29a188%2Faca7d416-5ac8-43cf-907e-f31c554870dc%2Fj1q9y0b_processed.png&w=3840&q=75)
Transcribed Image Text:The following are weekly manufacturing labour cost and machine hours of Kamwala machine
Rings (Pvt) Ltd
Week
Manufacturing labour cost
Machine hours
1
1 190
68
2
1 211
88
3
1 004
62
4
917
72
5
770
60
1 456
96
7
1 180
78
8
710
46
1 316
82
10
1
1 032
94
11
752
68
12
963
48
![Required
Using the above data calculate the following
i)
Variable cost per unit
ii)
Fixed cost
iii)
The regression line|](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f512202-5d56-47ae-b03e-b353bb29a188%2Faca7d416-5ac8-43cf-907e-f31c554870dc%2Fbfx8uky_processed.png&w=3840&q=75)
Transcribed Image Text:Required
Using the above data calculate the following
i)
Variable cost per unit
ii)
Fixed cost
iii)
The regression line|
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