Find what is the variable rate per hour

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Reference no: EM132703419

The following summations are available:

Sum of hours 860

Sum of costs 4,120

Sum of hours x cost 890,000

Sum of hours squared 187,000

Number of months analyzed 4

Problem1 : Using the least-squares method" for splitting a semi-variable cost, what is the variable rate per hour?

a. Variable rate per hour, P 3 Fixed Cost, P 500

b. Variable rate per hour, P 2 Fixed Cost, P 600

c. Variable rate per hour, P 2 Fixed Cost, P 500

d. Variable rate per hour, P 4 Fixed Cost, P 600

Reference no: EM132703419

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