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How calculate the variable cost per unit

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Reference no: EM132596496

Layla Limited incurred the following inspection costs for the last six months of 2019:

Month Units produced Costs (R)

July 10 900

August 15 1 100

September 8 750

October 18 1 300

November 12 1 000

December 9 820

The above cost behaviour is representative for the full year.

Required:

Question 1: Calculate the variable cost per unit and the fixed cost per month by using the Simple regression method, using the following formulas:

∑y = na + b∑x

∑xy = a∑x + b∑x²

Show all workings. Round your answers to two decimals.

Reference no: EM132596496

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