Question: 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

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 hours

What percentage change in overhead costs (rounded to nearest percent) can be explained by changes in direct labour hours?

Select one:

a. None of these

b. 39%

c. 100%

d. 30%

e. 9%

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