Question: 15. For a simple regression-analysis model that is used to allocate factory overhead, an internal auditor finds that the intersection of the line of best

15. For a simple regression-analysis model that is used to allocate

15. For a simple regression-analysis model that is used to allocate factory overhead, an internal auditor finds that the intersection of the line of best fit for the overhead allocation on the y-axis is $50,000. The slope of the trend line is .20. The independent variable, factory wages, amounts to $900,000 for the month. What is the estimated amount of factory overhead to be allocated for the month? A. $910,000 B. $950,000 C. $ 50,000 D. $180,000 E. $230,000

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