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The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs: Slope 45 Intercept 5,700 Correlation

The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs:

Slope 45
Intercept 5,700
Correlation coefficient .72
Activity variable Direct labor hours

The cost formula is

a.Overhead = $5,700 + ($45 0.72)

b.Overhead = $5,700 + $45X

c.Overhead = $5,700 $45X

d.Overhead = $5,700 0.72

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