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Wallace Incorporated Wanted to Determine the Relationship Between Its Monthly

Question 117

Multiple Choice

Wallace Incorporated 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) : Wallace Incorporated 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) : What is the fixed cost (round to nearest cent) ? A) $67.59 B) $0.99 C) $2,945.95 D) $0.72
What is the fixed cost (round to nearest cent) ?


A) $67.59
B) $0.99
C) $2,945.95
D) $0.72

Correct Answer:

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