Chesley Corporation,which Uses Least-Squares Regression Analysis,has Derived the Following Regression

Multiple Choice

Chesley Corporation,which uses least-squares regression analysis,has derived the following regression equation for estimates of manufacturing overhead: Y = 495,000 + 5.65X.Which of the following statements is true if the primary cost driver is machine hours?

A) Total manufacturing overhead is represented by the variable "X."
B) The company anticipates $495,000 of fixed manufacturing overhead.
C) "X" is commonly known as the dependent variable.
D) "X" represents the number of machine hours.
E) Both "B" and "D" are truE.