Question

In: Accounting

Measuring Cost Behavior Month Setup Hours (X)

Measuring Cost Behavior

Month Setup Hours (X) Setup Costs (Y)

January 100 $1,000

February 200 1,250

March 300 2,250

April 400 2,500

May 500 3,750

What is the variable cost per unit using least-squares regression?

A. $4.50

B. $6.75

C. $7.25

D. $8.95

What is the fixed cost using least-squares regression?

A. $100

B. $105

C. $125

D. $135

What is the total cost at a level of 800 setup hours using least-squares regression?

A. $4,235

B. $4,765

C. $4,985

D. $5,525

Expert Solution

ekkarill92 answered 1 year ago

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How do you calculate equipment setup cost