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What the fixed portion of the cost is

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Reference no: EM132632463

As part of a cost study, the cost accountant of Rod Laman Inc. has recorded the cost of operations at seven different levels of material usage. This information is shown as follows:

Kilos of Materials              Cost of Operations

100                                 P1,000

75                                  600

25                                     400

150                                       1,500

175                                           1,600

50                                                  600

125                                                1,300

Sum of the kilos (X) 700 Sum of the costs Y) P7,000

Sum of kilos multiplied by costs ((XY)) P852,500

Sum of the kilos squared ((X)2) 87,500

Problem 1: Using the least squares method, the fixed portion of the cost is

A. P109

B. P129

C. P200

D. P271

Reference no: EM132632463

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