Question: Measuring Cost Behavior Month Setup Hours (X) Setup Costs (Y) January 100 $1,000 February 200 1,250 March 300 2,250 April 400 2,500 May 500 3,750

Measuring Cost Behavior

Month Setup Hours (X) Setup Costs (Y)

January 100 $1,000

February 200 1,250

March 300 2,250

April 400 2,500

May 500 3,750

What is the variable cost per unit (3 decimals) using the high-low method?

What is the fixed cost using the high-low method?

What is the total cost at a level of 750 setup hours using the high-low method?

What is the variable cost per unit using least-squares regression?

What is the fixed cost using least-squares regression?

What is the total cost at a level of 800 setup hours using least-squares regression?

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