The Browne's Town housing Scheme operates a Laundromat, solely for the purpose of providing laundering...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The Browne's Town housing Scheme operates a Laundromat, solely for the purpose of providing laundering services to Tenants in residence. You have been hired as an accountant , to analyze the cost of the laundering services. The Housing administration has assembled the data for a twelve month period pertaining to the monthly total costs of providing the service and the corresponding number of Tenants who used the laundering facilities each month. The table below shows the monthly data collected over the academic year under review.
Month
Total Laundering Costs
# of Tenants Laundering
August
188000
1200
September
213100
1650
October
232000
2000
November
248200
2300
December
261700
2550
January
269800
2700
February
242800
2200
March
250900
2350
April
253600
2400
May
226600
1900
June
169900
850
July
161800
700
e) Using the trend line, determine Browne Town's Housing Scheme fixed cost per month and the variable cost per Tenant. (Use 0 & 2,500 Tenants) f) Based on the scatter gram, what is the equation of the total mixed cost function? g) Which of the two methods would be more appropriate? Explain your answer.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
