Question: SHOW YOUR WORK PLEASE 2. For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of

SHOW YOUR WORK PLEASE

2.

For April, the month just ended, the cost components to make tapes were $2 per tape plus fixed costs of $10,000. One thousand tapes were produced. For May the cost to make tapes will be $2.20 per tape plus fixed costs of $10,000. Fifteen hundred tapes are expected to be produced.

What are the estimates for the intercept and slope coefficient for May, respectively?

a.

$2.20 and $10,000.00

b.

$22,000 and $10,000

c.

$10,000.00 and $2.20

d.

$2.00 and $10,000.00

e.

$10,000.00 and $2.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!