The bakery Soft&Sweet Ltd collected data relating to its electricity cost and vo...
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The bakery Soft&Sweet Ltd collected data relating to its electricity cost and volume of activity over the last two years and found the following:
Year 20X1: Volume of activity 10592 units; Total electricity cost in EUR: 1689
Year20X2: Volume of activity 14627 units; Total electricity cost in EUR: 3412
Expected Volume of activity for Year 20X3: 18998
Required: Calculate the expected variable cost for 20X3.
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