Question 1 6 Mark Entity Z Is Trying To Obtain A Cost Estimate For The Costs Of Repairs The Following Monthly Repair C 1 (102.08 KiB) Viewed 47 times
Question 1 6 Mark Entity Z Is Trying To Obtain A Cost Estimate For The Costs Of Repairs The Following Monthly Repair C 2 (102.08 KiB) Viewed 47 times
Question 1 (6 Mark Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs have been recorded for the past six months. Month 1 2 3 4 5 6 machines repaired 342132 38 25 36 Cost of repairs R 31,000 32,700 26,500 23,600 29,900 28,900 Required: Use high/low analysis to estimate the fixed costs of repairs each month and the variable cost per machine repaired. Estimate the expected costs of repairs in a month when 30 machines are repaired.
Question 1 (6 Mark Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs have been recorded for the past six months. Month 1 2 3 4 5 6 machines repaired 342132 38 25 36 Cost of repairs R 31,000 32,700 26,500 23,600 29,900 28,900 Required: Use high/low analysis to estimate the fixed costs of repairs each month and the variable cost per machine repaired. Estimate the expected costs of repairs in a month when 30 machines are repaired.
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