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Oct 21, 2023

Question: Based on performance you have been provided with the following information regarding matimu ltd for the year ended 31 december 2020.

labour hours service cost (shs)

300 150000
400 155000
350 153000
600 192000
310 145000
800 200000

(a) develop a total cost function (y=a+bx)based on the above data using (i) high low methods (ii) simple linear regression methods

(b) from the above (a)estimate the total cost given 1000 labour for each methods

C) describe five roles of management accountant in an organization

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