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Marigold Company Makes Furniture

Question 33

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Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected as follows:

Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in 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 fixed cost of electricity. A) $3,500 B) $5,000 C) $2,700 D) None of these are correct. Coefficients shown by a regression program are as follows:

Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in 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 fixed cost of electricity. A) $3,500 B) $5,000 C) $2,700 D) None of these are correct.
- Using the results of regression, calculate the fixed cost of electricity.


A) $3,500
B) $5,000
C) $2,700
D) None of these are correct.

Correct Answer:

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