UpTop Mining has compiled the following data to analyze utility costs: Use the least squares method to develop a formula for budgeting utilitycost. Month Machine Hours Utility Cost January February March April May June July August 200 325 400 410 525 680 820 900 300 440 480 490 620 790 840 900
UpTop Mining has compiled the following data to analyze utility costs:
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Use the least squares method to develop a formula for budgeting utilitycost.
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Answer
x y xy x 2 200 $300 $60,000 40,000 325 440 143,000 105,625 400 480 192,000 160,000 410 …View the full answer
Related Book For 
Cost Accounting Foundations and Evolutions
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
ISBN: 978-1111626822