Question: Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression

Vanco Industries wanted to determine the relationship between its monthly operating costs

Vanco Industries wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information. (Note: only a portion of the regression analysis results is presented here.) (Click the icon to view the regression analysis.) At Vanco Industries, what is the total cost if the firm uses 4,000 machine hours? Round to the nearest cent

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