Question: Brief Exercise 8-22 [LO 8-3] Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $23

Brief Exercise 8-22 [LO 8-3]

Jamison Construction has implemented a cost estimation system using regression analysis. The variable cost per hour of labor is $23 and the fixed cost was determined to be $298,000. If Jamison projects it will be working 284,000 hours in 2019, what is the projected total cost?

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