Question: The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square 0.9025 Activity variable machine hours The cost formula would be: Select one: a. $8,300 - $37X b. $8,300 + $37X c. $8,300 x 0.95 d. $8,300 + ($37 x 0.9025)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square 0.9025 Activity variable machine hours...

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5700 X Variable 1 45 Multiple R 0.3000 R Square 0.0900 Activity variable Direct labour...

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5 7 0 0 X Variable 1 4 5 Multiple R 0 . 3 0 0 0 R Square 0 . 0 9 0 0 Activity variable...

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5700 X Variable 1 45 Multiple R 0.3000 R Square 0.0900 Activity variable Direct labour...

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5700 X Variable 1 45 Multiple R 0.3000 R Square 0.0900 Activity variable Direct labour...

Q:

The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5700 X Variable 1 45 Multiple R 0.3000 R Square 0.0900 Activity variable Direct labour...

Q:

Part C (1 Mark) The following computer printout was generated using the least squares method in estimating maintenance costs. Number of observations 1,500 X Variable Coefficient 95 Intercept...

Q:

At 50,000 units of production, the Grayson Company expects costs to be as follows: Direct materials $140,000 Direct labour $100,000 Depreciation of factory $ 50,000 Depreciation of production...

Q:

1. TF.03.001 Costs can display variable, fixed, or mixed behavior, and it important that they are classified accurately. True False 2. TF.03.011 Methods of estimating costs used by companies include...

Q:

Plasma Pathology has incurred the following costs in its diagnostic blood laboratory during the past 12 months: Month Number of blood test completed Cost January 6100 $90000 February 5300 87000 March...

Q:

The probabilities that the serviceability of a new X-ray machine will be rated very difficult, difficult, aver-age, easy, or very easy are, respectively, 0.12, 0.17, 0.34, 0.29, And 0.08. Find the...

Q:

Find the Cartesian coordinates of the points Problem 5. Plot the points whose polar coordinates follow. For each point, give four other pairs of polar coordinates, two with positive r and two with...

Q:

Who is usually on a maintenance team? Select the best answer. System administrator, front - end developer, and end users Project manager, requirements engineer, and user interface designer System...

Q:

. Eskerod notes that there are four important reasons to be aware of the roles stakeholders may play in a project. Which of the following is not one of those reasons? a ) The project may need...

Q:

Within the next three years, is the opposition likely to increase, remain unchanged, or decrease?

Q:

What changes, if any, are projected for this environment?

Q:

How have these groups changed within the last three years?