(b) Ntow Ltd prepared the following estimated figures for its Manufacturing Division for the four months ending...

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(b) Ntow Ltd prepared the following estimated figures for its Manufacturing Division for the four months ending 31st March 2019:

Month Production in units Cost ()

January 14,000 220,000

February 16,000 230,000

March 12,000 194,000

Required:

(i) Determine the total cost function (8 Marks)

(ii) Calculate the cost that should be expected in April 2019 when production is anticipated to be 15,000 units.

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Managerial Accounting

ISBN: 978-0078025600

5th edition

Authors: John Wild, Ken Shaw

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Posted Date: May 10, 2024 09:01 AM

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(b) Ntow Ltd prepared the following estimated figures for its Manufacturing Division for the four months ending...

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To determine the total cost function we can use the highlow method which involves selecting the high... View the full answer

Managerial Accounting

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