The following computer printout estimated overhead costs using multiple regression:
During the year the company used 1,000 setup hours and 500 parts.
The model being measured is
A) Overhead = 1,000 + 25(Setup hours) + 100(# of parts)
B) Overhead = 510 + 0.305(Setup hours) + 10.527(# of parts)
C) Overhead = 0.98 + 40.98(Setup hours) + 4.865(# of parts)
D) Overhead = 1,000 + 25(Setup hours)
Correct Answer:
Verified
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