Business, 12.12.2019 02:31 groverparham3
Chesley corporation, which uses least-squares regression analysis, has derived the following regression equation for estimates of manufacturing overhead: y = 495,000 + 5.65x. which of the following statements is true if the primary cost driver is machine hours?
total manufacturing overhead is represented by the variable "x."
the company anticipates $495,000 of fixed manufacturing overhead.
"x" is commonly known as the dependent variable.
"x" represents the number of machine hours.
the company anticipates $495,000 of fixed manufacturing overhead and "x" represents the number of machine hours.
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Chesley corporation, which uses least-squares regression analysis, has derived the following regress...
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