How much will be the estimated operations cost

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Reference no: EM132667153

As part of a cost study, the cost accountant of Shinly Corporation has recorded the cost of operations at seven different levels of materials usage. The records show the following:

Kilos of materials Costs of operation

80 P800

60 P480

20 P320

120 P1, 200

140 P1, 280

40 P480

100 P1, 040

Problem 1: Assuming 150 kilos of material usage is expected to occur next month, how much will be the estimated operations cost based on the cost function generated from high-low method?

Problem 2: Using the least squares method, the average rate of variability per kilo of materials used is

Problem 3: Using the least square method, the fixed portion of the cost is _________

Problem 4: Assuming 98 kilos of material usage is expected to occur next month, how much will be the estimated operations cost based on the cost function generated from least square method?

Reference no: EM132667153

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