Multiple Choice
Runaround Corporation sells running shoes and during January they ran production machines for 20,000 hours total and incurred $9,000 in maintenance costs. During July they ran production machines for 14,000 hours total and incurred $7,200 in maintenance costs. Based on this data, what is the cost formula for maintenance costs?
A) y = $0.30 X + $3,000
B) y = $3.33 X + $57,600
C) y = $0.45 X + $4,500
D) Cannot determine from the information given.
Correct Answer:

Verified
Correct Answer:
Verified
Q216: Schrute Farm Sales buys portable generators for
Q217: An R-square statistic of 0 indicates a
Q218: On a contribution margin income statement, sales
Q219: Variable costing considers fixed manufacturing costs as
Q220: The data points with the _ should
Q222: Stanley's Bicycles store buys bicycles on average
Q223: Runaround Corporation sells running shoes and during
Q224: Under absorption costing, all nonmanufacturing costs are
Q225: All variable costs are listed _ on
Q226: Which of the following would NOT be