Using the data provided in E6-50B, the laboratory manager performed a regression analysis to predict total laboratory

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Using the data provided in E6-50B, the laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows:
SUMMARY OUTPUT Regression Statistics 3 Multiple R 4 R Square 5 Adjusted R Square 6 Standard Error 7 Observations 8 ANOVA

Requirements
1. Determine the lab's cost equation (use the output from the Excel regression).
2. Determine the R-square (use the output from the Excel regression).
3. Predict the total laboratory overhead for the month if 2,700 tests are performed.

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Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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