4th Quarter 2016 report for GNTX Date: 11-16-16

Quarter Mileage Expenses First 3,000 $ 550 Second 3,500 560 Third 2,000 450 Fourth 3,500 600 12,000 $2,160 Required: Determine the variable cost per mile (nearest tenth of a cent) and the fixed costs per quarter, using the method of least squares. ANS: ................
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