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How much will be the estimated operations cost

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As part of a cost study, the cost accountant of Shinly Corporation has recorded the cost of operations at seven different levels of materials usage. The records show the following:

Kilos of materials            Costs of operation

80                                  P800
60                                 P480
20                                  P320
120                              P1, 200
140                            P1, 280
40                                    P480
100                             P1, 040

Problem 1: Assuming 150 kilos of material usage is expected to occur next month, how much will be the estimated operations cost based on the cost function generated from high-low method?

Problem 2: Using the least squares method, the average rate of variability per kilo of materials used is

Problem 3: Using the least square method, the fixed portion of the cost is _________

Problem 4: Assuming 98 kilos of material usage is expected to occur next month, how much will be the estimated operations cost based on the cost function generated from least square method?

Reference no: EM132805420

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