The Kojak Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{ll}
\text { Constant } & \$ 9,650 \
\text { Standard error of Y estimate } & \$ 875.20 \
R \text { - squared } & 0.7650 \
\text { No. of obs ervations } & 33\\text { Degrees of freedom } & 31 \
\text { X coefficient(s) } & 4.43 \
\text { Standard error of coefficient(s) } & 0.917
\end{array}$ The variable cost per direct labor hour is:
A) $4.437
B) $875.20
C) $0.917
D) $0.765

Question

Quizplus · Accepted Answer

The variable cost per direct labor hour is represented by the X coefficient, which is $4.43.

The Kojak Company Used Regression Analysis to Predict the Annual