Cilli's is a Mexican restaurant that operates in Kuwait. Their controller is trying to determine the companys
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Question:
Cilli's is a Mexican restaurant that operates in Kuwait. Their controller is trying to determine the company’s chips production cost behavior.
Chips produced per dozen (X) | Total Production Costs (Y) | |
January | 900 | 1150 |
February | 800 | 1100 |
March | 1200 | 1160 |
April | 1400 | 1190 |
May | 820 | 1120 |
June | 2000 | 1250 |
Required:
A. Use the high-low method to estimate:
- The variable costs per unit produced (15 points).
- The total fixed costs (20 points).
- Express the cost behavior in an equation form (5 points).
B. Predict the chips production costs that will be incurred when 1000 dozens of chips are prepared (20 points).
Related Book For
Fundamentals of biochemistry Life at the Molecular Level
ISBN: 978-0470547847
4th edition
Authors: Donald Voet, Judith G. Voet, Charlotte W. Pratt
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