Question: please give me proper answer in sequence wise. please give answer with diagram where possible Question ABC company incurred the following maintainance costs during the
Question ABC company incurred the following maintainance costs during the past 6 months TAN Months 1 12 Machine hours 2200 1000 1200 1600 8560 4200 5920 620 1300 19 4 S 6 7 R 9 7020 8400 9500 2000 2100 500 REQUIRED Question 1. Use a scatter graph and the two points that seem to best represent the relationship between cost and activity levels of 1000 and 2000 machine bour the these to points, estimate the variable cost and the fixed cost components of maintenance costs 2 Develop a cost function that the company can use to estimate maintenance costat different volume levels Estimate maintenance costs for July if the company expects to use 2800 machine hours Question 2 1. Use the data on Table estimate the variable and fixed cost of the company Develop and function for the company Estimate the maintenance cost if 3000 machine hours were used in July Question D. Uw the data on Table estimate the variable and fixed cost of the company uving the last square method E Develop a cost function for the company F. Estimate the maintenance cost i 2500 machine hours were used in July Question 1 ABC company incurred the following maintainance costs during the past 6 months Table 1 Months 1 2 3 4 5 6 7 8 9 Machine hours 2200 1000 1200 1600 1300 1900 2000 2300 500 Cost 8560 4200 5920 6280 4020 7020 8400 9500 2000 REQUIRED Question 1 1. Use a scatter graph and the two points that seem to best represent the relationship between cost and activity levels of 1000 and 2000 machine hours. Use these two points, estimate the variable cost and the fixed cost ( components of maintenance costs] 2. Develop a cost function that the company can use to estimate maintenance cost at different volume levels 3. Estimate maintenance costs for July if the company expects to use 2800 machine hours
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