Question: Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $20 and the fixed cost was

Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $20 and the fixed cost was determined to be $147,000. If Jamison projects it will be working 158,000 hours in the coming year, what is the projected total cost?

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