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Business, 24.08.2021 15:40 meje1301

The information given below relates to Wasp Ltd. which manufactures a single type of chemical. Overhead processing costs for the last thirteen accounting months (of four weeks each) have been as follows: Period Overhead cost Sh. “000” Output “000”tonnes 1 770 120 2 820 150 3 810 160 4 830 170 5 960 200 6 900 170 7 940 200 8 950 200 9 940 180 10 870 160 11 800 140 12 820 150 13 790 140 Required: Use linear regression analysis to devise a formular to assist in predicting the overhead budget for the thirteen months.​

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