Aregression analysis of 117 homes for sale produced the following model, where price is in thousands of dollars and size is in square feet. modifyingabove price with caretequals47.86plus0.062(size) a) explain what the slope of the line says about housing prices and house size. b) what price would you predict for a 3000-square-foot house in this market? c) a real estate agent shows a potential buyer a 1100-square-foot house, saying that the asking price is $6500 less than what one would expect to pay for a house of this size. what is the asking price, and what is the $6500 called?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.