Question

Uptop Mining has compiled the following data to analyze utility costs: Month Machine Hours Utility Cost...

Uptop Mining has compiled the following data to analyze utility costs:

Month Machine Hours

Utility Cost
January 200 300
February 325 440
March 400 480
April 410 490
May 525 620
June 680 790
July 820 840
August 900 900

Use the least square method to develop a formula for budgeting utility cost.

*Don't us excel or any other software to solve this problem.

Business   Accounting   
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Answer #1

Analyzing Utility Costs into varable and fixed using least squares method.

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