The following cost observations are applicable to Man U Lid, a manufacturing company, for the...
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Accounting
The following cost observations are applicable to Man U Lid, a manufacturing company, for the financial year ending 31 December 2023. Assume there is a perfect relationship between the dependent and independent variables. The correlation coefficient is +1.Quantity R R Month Units produced Total cost (x) (y) (xy) January ? 3 250 February 450 ? March ? 3 750 April 1 150 May ? 2 750 June 200 ? July 150 1 625 August 700 ? September 1 400 4 750 October ? 2 000 November 1 050 ? December ? 4 250 Ex= 2 Ey= ? [xy= 2REQUIRED: 1.1 Formulate the straight-line equation using the high-low method. (7 marks) 1.2 Calculate the missing figures in the table. Use the formula as calculated in question 1.1. Show and reference all your workings. (23 marks)
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