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  • Hi-Lo at Least Square

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    doomageddonsplinterland
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    The document shows monthly direct labor hours and electricity costs for a company over one year. The highest month for labor hours was July with 35 hours while the lowest was February with 24 hours. The highest electricity cost was in August at $700 while the lowest was in February at $565. To determine the fixed and variable electricity costs, a linear regression analysis was performed using the labor hours as the independent variable and electricity costs as the dependent variable.

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    The document shows monthly direct labor hours and electricity costs for a company over one year. The highest month for labor hours was July with 35 hours while the lowest was February with 24 hours. The highest electricity cost was in August at $700 while the lowest was in February at $565. To determine the fixed and variable electricity costs, a linear regression analysis was performed using the labor hours as the independent variable and electricity costs as the dependent variable.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views6 pages

    Hi-Lo at Least Square

    Uploaded by

    doomageddonsplinterland
    The document shows monthly direct labor hours and electricity costs for a company over one year. The highest month for labor hours was July with 35 hours while the lowest was February with 24 hours. The highest electricity cost was in August at $700 while the lowest was in February at $565. To determine the fixed and variable electricity costs, a linear regression analysis was performed using the labor hours as the independent variable and electricity costs as the dependent variable.

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    © All Rights Reserved
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    of 6

    Month Direct Labor Hours Cost of Electricity

    January 28 625
    February 24 565
    March 30 630
    April 33 640
    May 38 685
    June 34 640
    July 35 655
    August 40 700
    September 42 715
    October 47 726
    November 43 700
    December 32 630
    DL hours Cost of Electricity
    Highest Month 2,950.00 190,000.00 1.00
    Lowest Month 1,450.00 100,000.00 1.00
    Difference 1,500.00 90,000.00 1.00
    1.00
    1.00
    v.rate per dl hour(sample)= 60.00 eto yung variable 1.00
    1.00
    High Low 1.00
    Total Cost of Electricity 190,000.00 100,000.00 1.00
    Less: Variable Proportion 1.00
    177,000.00 1.00
    87,000.00 1.00
    EQUAL DAPATTTT 13,000.00 13,000.00 Σ
    eto yung fixed n=

    EQUATION is.. y= 13,000.00 + 60.00 x


    USE SYSTEM OF EQUATION
    X Y XY X^2
    28.00 625.00 17,500.00 784.00
    24.00 565.00 13,560.00 576.00
    30.00 630.00 18,900.00 900.00
    33.00 640.00 21,120.00 1,089.00
    38.00 685.00 26,030.00 1,444.00
    34.00 640.00 21,760.00 1,156.00
    35.00 655.00 22,925.00 1,225.00
    40.00 700.00 28,000.00 1,600.00
    42.00 715.00 30,030.00 1,764.00
    47.00 726.00 34,122.00 2,209.00
    43.00 700.00 30,100.00 1,849.00
    32.00 630.00 20,160.00 1,024.00
    426.00 7,911.00 284,207.00 15,620.00
    12.00
    Σy = na + b Σx
    Σxy = Σxa + bΣx^2
    USE SYSTEM OF EQUATION THEN SUBSTITUTE
    Month Direct Labor Hours Cost of Electricity
    January
    February
    March
    April
    May
    June
    July 2,880.00 33,440.00
    August 3,200.00 34,800.00
    September 3,250.00 35,900.00
    October 3,600.00 36,600.00
    November 3,680.00 37,440.00
    December 3,800.00 38,500.00
    DL hours Cost of Electricity
    Highest Month 3,800.00 38,500.00 1.00
    Lowest Month 2,880.00 33,440.00 1.00
    Difference 920.00 5,060.00 1.00
    1.00
    1.00
    VARIABLE = 5.50 1.00
    1.00
    High Low 1.00
    Total Cost of Electricity 38,500.00 33,440.00 1.00
    Less: Variable Proportion 1.00
    20,900.00 1.00
    15,840.00 1.00
    EQUAL DAPATTTT 17,600.00 17,600.00 Σ
    eto yung fixed n=

    EQUATION is.. y= 17,600.00 + 5.50 x


    USE SYSTEM OF EQUATION
    X Y XY X^2
    28.00 625.00 17,500.00 784.00
    24.00 565.00 13,560.00 576.00
    30.00 630.00 18,900.00 900.00
    33.00 640.00 21,120.00 1,089.00
    38.00 685.00 26,030.00 1,444.00
    34.00 640.00 21,760.00 1,156.00
    35.00 655.00 22,925.00 1,225.00
    40.00 700.00 28,000.00 1,600.00
    42.00 715.00 30,030.00 1,764.00
    47.00 726.00 34,122.00 2,209.00
    43.00 700.00 30,100.00 1,849.00
    32.00 630.00 20,160.00 1,024.00
    426.00 7,911.00 284,207.00 15,620.00
    12.00
    Σy = na + b Σx
    Σxy = Σxa + bΣx^2
    USE SYSTEM OF EQUATION THEN SUBSTITUTE

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