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What is the estimate for variable costs and fixed costs

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Assignment

Sox Company has the following 12 months of cost data.

Months

Units

Costs

Jan

110

$ 27,500

Feb

130

$ 34,200

Mar

140

$ 40,100

Apr

145

$ 32,900

May

190

$ 47,300

Jun

150

$ 43,700

Jul

185

$ 49,300

Aug

160

$ 41,100

Sep

120

$ 35,200

Oct

140

$ 38,500

Nov

160

$ 48,600

Dec

175

$ 43,300

1. Using the High Low Method, what is the estimate for variable costs, fixed costs and the cost formula?

2. Using regression, what is the estimate for variable costs, fixed costs, the cost formula, r, and r2?

Reference no: EM131808701

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