Multiple Choice
PristinDay Company produces handheld calculators.The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory.Data for the past four months were collected as follows:
Coefficients shown by a regression program are as follows:
- Using the results of regression, calculate the variable rate of maintenance cost.
A) $6.65 per machine hour
B) $10.24 per machine hour
C) $8.50 per machine hour
D) $12.00 per machine hour
Correct Answer:
Verified
Correct Answer:
Verified
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