A Randburg-based company has the following information: Month Labour Hours Total Labour Cost January 51.00 960.00...

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A Randburg-based company has the following information: Month Labour Hours Total Labour Cost January 51.00 960.00 February 45.00 930.00 March 51.00 930.00 April 59.00 885.00 May 63.00 750.00 June 48.00 795.00 July 39.00 750.00 August 39.00 750.00 September 47.00 795.00 October 53.00 825.00 November 65.00 870.00 December 72.00 1 020.00 Estimate the fixed and variable components of the labour cost using the information given above. The following estimation techniques must be used: a. High-Low Method (15) A Randburg-based company has the following information: Month Labour Hours Total Labour Cost January 51.00 960.00 February 45.00 930.00 March 51.00 930.00 April 59.00 885.00 May 63.00 750.00 June 48.00 795.00 July 39.00 750.00 August 39.00 750.00 September 47.00 795.00 October 53.00 825.00 November 65.00 870.00 December 72.00 1 020.00 Estimate the fixed and variable components of the labour cost using the information given above. The following estimation techniques must be used: a. High-Low Method (15)

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Sdution b Least seuare regresion Metho l Labour Hours X Labour st Y XY 51 960 260 48960 45 93... View the full answer