What process is used to estimate future costs

Reference no: EM131911237

Problem

For a manufacturing company, total costs is the aggregate of total fixed costs and total variable costs.

In the following table you have the costs related to the different levels of activity.

Table 1

Total Costs

Output (Quantity produced)	Fixed Costs	Variable Costs	Total Costs
0	10	0	10
1	10	12	22
2	10	20	30
3	10	26	36
4	10	30	40
5	10	32	42
6	10	34	44
7	10	40	50
8	10	48	58
9	10	58	68
10	10	72	82

Instructions

Analyze and discuss the cost behavior for this case?
What process is used to estimate future costs?

Reference no: EM131911237

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