The management of Smoots Corporation would like for you to analyze their repair costs,which are listed below: Management believes that repair cost is a mixed cost that depends on the number of machine-hours.Using the least-squares regression method,the estimates of the variable and fixed components of repair cost would be closest to:
A)$4.64 per machine-hour plus $34,603 per month
B)$2.09 per machine-hour plus $19,018 per month
C)$2.79 per machine-hour plus $13,787 per month
D)$2.00 per machine-hour plus $19,649 per month

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The Answer of The management of Smoots Corporation would like for you to analyze their repair costs,which are listed below: Management believes that repair cost is a mixed cost that depends on the number of machine-hours.Using the least-squares regression method,the estimates of the variable and fixed components of repair cost would be closest to:
A)$4.64 per machine-hour plus $34,603 per month
B)$2.09 per machine-hour plus $19,018 per month
C)$2.79 per machine-hour plus $13,787 per month
D)$2.00 per machine-hour plus $19,649 per month

The Management of Smoots Corporation Would Like for You to Analyze