Essay
Wilkens Company
Wilkens Company wants to determine the cost behavior pattern of maintenance costs.Wilkens has decided to use linear regression by employing the equation y = a + bx for maintenance costs.The prior year's data regarding maintenance hours and costs,and the results of the regression analysis are given in the data below.
Average cost per hour $9.00
Refer to the Wilkens Company.Based upon the data derived from the regression analysis,what maintenance costs should be budgeted for a month in which 420 maintenance hours will be worked?
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