In: Accounting
Anderson Engineering provides consulting services and custom installations of proprietary industrial waste water treatment facilities. They also operate a repair shop for repairs and maintenance of the treatment products. The repair facility costs include salaries, insurance and depreciation, and materials and parts. The supervisor would like to develop a model that predicts repair costs.
Data for the past year is below:
|
Month |
Jobs |
Repair costs |
|
January |
55 |
$22,000 |
|
February |
45 |
18,000 |
|
March |
40 |
17,600 |
|
April |
50 |
20,000 |
|
May |
65 |
24,000 |
|
June |
60 |
22,400 |
|
July |
35 |
16,000 |
|
August |
30 |
12,800 |
|
September |
25 |
13,600 |
|
October |
20 |
9,600 |
|
November |
25 |
14,100 |
|
December |
30 |
13,000 |
Required: