The ZZ Company wants to forecast their utility costs for next year (2017). There is a relationship between the number of welds and the number of applications of glue and the total cost of utilities for the business. For 20x6 the activity and utility cost for the various months are as follows:
Number of Welds Utilities Cost Number of Applications Utilities Cost
January 60 2200 January 60 1800
February 70 2600 February 70 2100
March 90 2900 March 90 2700
April 120 3300 April 120 3600
May 100 3000 May 100 3000
June 130 3600 June 130 3900
July 15 4000 July 150 4500
August 140 3600 August 140 4200
September 110 3100 September 110 3300
October 80 2500 October 80 2400
The forecasted activity for 20x7 is as follows:
Estimated Number of Welds Estimated Number of Applications
January 50 January 50
February 85 February 85
March 100 March 100
April 110 April 110
May 95 May 95
June 135 June 135
July 165 July 165
August 125 August 125
September 115 September 115
October 90 October 90
Required:
1. Calculate the total forecasted utility cost for 2017 for the following:a. The total utility cost for weldsb. The total utility cost for applicationsc. The total utility cost