Question: Jamison Construction has implemented a cost estimation system using a regression analysis. The variable cost per hour of labor is $35 and the fixed cost

Jamison Construction has implemented a cost estimation system using a regression analysis. The variable cost per hour of labor is $35 and the fixed cost was determined to be $125,000. If Jamison projects it will be working 200,000 hours in 2010, what is the projected total cost?

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