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Martin Company Makes Cell Phones

Question 48

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Martin Company makes cell phones.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.

Martin Company makes cell phones.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. Coefficients shown by a regression program are: Using the results of regression, the cost formula for electricity cost was A) $9.48 × machine hours B) $2,255 × machine hours C) $2,255 + ($9.48 × machine hours) D) None of these are correct. Coefficients shown by a regression program are:


Martin Company makes cell phones.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. Coefficients shown by a regression program are: Using the results of regression, the cost formula for electricity cost was A) $9.48 × machine hours B) $2,255 × machine hours C) $2,255 + ($9.48 × machine hours) D) None of these are correct. Using the results of regression, the cost formula for electricity cost was


A) $9.48 × machine hours
B) $2,255 × machine hours
C) $2,255 + ($9.48 × machine hours)
D) None of these are correct.

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