Figure 3-8. Martin Company makes cell phones.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected.
Coefficients shown by a regression program are:
Refer to Figure 3-8.Using the results of regression,calculate the variable rate of the electricity cost.
A)$9.67 per machine hour
B)$9.48 per machine hour
C)$2,255 per machine hour
D)none of these are correct

Question

Figure 3-8. Martin Company makes cell phones.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected.
 Coefficients shown by a regression program are:
 Refer to Figure 3-8.Using the results of regression,calculate the variable rate of the electricity cost.
A)$9.67 per machine hour 
B)$9.48 per machine hour 
C)$2,255 per machine hour 
D)none of these are correct

Quizplus · Accepted Answer

The Answer of Figure 3-8. Martin Company makes cell phones.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected.
 Coefficients shown by a regression program are:
 Refer to Figure 3-8.Using the results of regression,calculate the variable rate of the electricity cost.
A)$9.67 per machine hour 
B)$9.48 per machine hour 
C)$2,255 per machine hour 
D)none of these are correct