Question

The assembly department of Toyco has the following costs over its relevant range of units produced in a month.


REQUIRED
A. Analyze the costs and units produced data above. Write the algebraic expression for the direct labor cost function.
B. Direct materials costs are usually variable. Plot direct materials cost to determine whether there are any outliers that should be removed when estimating the direct materials cost function. Explain.
C. Use the high-low method or regression analysis to determine the cost function for direct materialscost.


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  • CreatedJanuary 26, 2015
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