Royal Holland Bakery is a company that specializes in creating extravagant and unique wedding cakes for...

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Royal Holland Bakery is a company that specializes in creating extravagant and unique wedding cakes for large wedding festivities. The company's owner is interested in learning more about the company's cost structure, so he has prepared the following activity and cost data. The number of weddings catered, according to the proprietor, is the best indicator of activity. Month Wedings Costs Incurred (In thousands of Rupiah) March Rp 3,800 April Rp. 3,600 Мay 6 Rp. 4,000 June Rp. 4,300 July 12 Rp. 4,500 Aug 20 Rp. 5,200 Required: а. Distinguish between fixed cost, variable cost, and mixed cost? Then would you illustrate the examples of fixed and variable cost in Holland Bakery company! (5 Points) b. Estimate the variable cost each wedding and the overall fixed cost per month using the high- low method. (Round the overall fixed cost to the nearest Rupiah and the variable cost per wedding to the next cents! (5 Points) c. Estimate the variable cost each wedding and the overall fixed cost per month using the least- squares regression method. (Round the overall fixed cost to the nearest Rupiah and the variable cost per wedding to the next cents.) (10 Points) Royal Holland Bakery is a company that specializes in creating extravagant and unique wedding cakes for large wedding festivities. The company's owner is interested in learning more about the company's cost structure, so he has prepared the following activity and cost data. The number of weddings catered, according to the proprietor, is the best indicator of activity. Month Wedings Costs Incurred (In thousands of Rupiah) March Rp 3,800 April Rp. 3,600 Мay 6 Rp. 4,000 June Rp. 4,300 July 12 Rp. 4,500 Aug 20 Rp. 5,200 Required: а. Distinguish between fixed cost, variable cost, and mixed cost? Then would you illustrate the examples of fixed and variable cost in Holland Bakery company! (5 Points) b. Estimate the variable cost each wedding and the overall fixed cost per month using the high- low method. (Round the overall fixed cost to the nearest Rupiah and the variable cost per wedding to the next cents! (5 Points) c. Estimate the variable cost each wedding and the overall fixed cost per month using the least- squares regression method. (Round the overall fixed cost to the nearest Rupiah and the variable cost per wedding to the next cents.) (10 Points)

Answer rating: 100% (QA)

Solution a Variable cost Cost that changes with per unit of output is called as variable cost It is ... View the full answer