The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs: The cost formula is
A) Overhead = £5,700 - £45X.
B) Overhead = £5,700 + £45X.
C) Overhead = £5,700 + (£45* 0.72).
D) Overhead = £5,700 * 0.72.

Question

The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs:  The cost formula is
A) Overhead = £5,700 - £45X. 
B) Overhead = £5,700 + £45X. 
C) Overhead = £5,700 + (£45* 0.72). 
D) Overhead = £5,700 * 0.72.

Quizplus · Accepted Answer

The Answer of The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs:  The cost formula is
A) Overhead = £5,700 - £45X. 
B) Overhead = £5,700 + £45X. 
C) Overhead = £5,700 + (£45* 0.72). 
D) Overhead = £5,700 * 0.72.

The Following Information Was Taken from a Computer Printout Generated