Unik Ltd., a leading manufacturer of ceramic tiles is preparing its cost estimation for the master budget. A cost accountant has derived the following data on a weekly output of standard size tiles from a factory.Week output Total overheads Units "000" Sh. "000"1 20 602 2 253 4 264 23 665 18 496 14 487 10 358 8 189 13 4010 8 33Where:∑X= 120 ∑Y= 400 ∑X2= 1,866 ∑Y2= 18,200 ∑XY= 5,704Required:(i) Using the least squares regression method, formulate a predictor equation in the form of y = a + bx.(ii) In week II, the factory planned to produce 25,000 standard size tiles. Estimate the total cost of producing thus quantity.
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Explain three users of management accounting information
Date posted: November 14, 2022. Answers (1)