Question: The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The following computer output was

The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The following computer output was received: Intercept 32,000 Slope 25 The cost driver used was the number of machine hours. What was the cost formula for equipment maintenance? O None of these are correct. O Total Maintenance Cost = $32,000 + ($25 x Machine Hours) O Total Maintenance Cost = $25 x Machine Hours 0 Total Maintenance Cost = $32,000

The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The following computer output was received: Intercept 32,000 Slope 25 The cost driver used was the number of machine hours. What was the cost formula for equipment maintenance? None of these are correct. Total Maintenance Cost =$32,000+($25 Machine Hours ) Total Maintenance Cost =$25 Machine Hours Total Maintenance Cost =$32,000

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