Schotte Manufacturing Company Uses Two Different Independent Variables (Machine-Hours and Number
Essay
Schotte Manufacturing Company uses two different independent variables (machine-hours and number of packages)in two different equations to evaluate costs of the packaging department.The most recent results of the two regressions are as follows:
Machine-hours:
Required:
a.What are the estimating equations for each cost driver?
b.Which cost driver is best and why?
Correct Answer:
Verified
a.Machine-hours y = $748.30 + $52.90X
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Correct Answer:
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