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(12) Tommo Ltd uses regression analysis to forecast future monthly costs. Using historic
information for the last 12 months the management accountant has forecast that
average monthly fixed costs are $2000 and average variable costs are $50 per unit.
Which of the following formulae should be used to predict the total monthly costs for
Tommo Ltd where Q is the quantity of units?
A TC = 50 + 2000Q
B TC = 24000 + 50Q
C TC = 2000 + 50Q
D TC = 600 + 200 Q
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