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Recent Maintenance Costs of Pavelko Corporation Are Listed Below

Question 1

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Recent maintenance costs of Pavelko Corporation are listed below: Recent maintenance costs of Pavelko Corporation are listed below: Management believes that maintenance cost is a mixed cost that depends on machine-hours. -Using the least-squares regression method, the estimate of the variable component of maintenance cost per machine-hour is closest to: A) $3.26 B) $13.45 C) $2.00 D) $2.96 Management believes that maintenance cost is a mixed cost that depends on machine-hours.
-Using the least-squares regression method, the estimate of the variable component of maintenance cost per machine-hour is closest to:


A) $3.26
B) $13.45
C) $2.00
D) $2.96

Correct Answer:

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