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Your Boss Would Like You to Estimate the Fixed and Variable

Question 5

Multiple Choice

Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Using the least-squares regression method, what is the cost formula for this cost? A) Y = $24.51 + $1.08X B) Y = $10.33 + $1.92X C) Y = $0.00 + $2.32X D) Y = $15.80 + $1.70X
Using the least-squares regression method, what is the cost formula for this cost?


A) Y = $24.51 + $1.08X
B) Y = $10.33 + $1.92X
C) Y = $0.00 + $2.32X
D) Y = $15.80 + $1.70X

Correct Answer:

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