Question: estimating a cost function the controller of the ljiri company wants you to estimate a cost function from the following two observation in a general
estimating a cost function
the controller of the ljiri company wants you to estimate a cost function from the following two observation in a general ledger account called maintenance :
month machine- hours maintenance costs incurred
January 5000 $4000
February 10000 $5400
required
1- estimate the cost function for maintenance
2-can the constant in the cost function be used as an estimate of fixed maintenance cost per month
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
