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The Cost Accountant for Bolagio Company Used an Excel Spreadsheet \quad

Question 95

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The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced.
Intercept \quad\quad 2,490
X Variable \quad\quad 489 Required:
The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced. Intercept \quad\quad 2,490 X Variable \quad\quad 489 Required:

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