Figure 3-14.Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs associated with utility cost incurred by the factory. Data for the past five months were collected.
-Refer to Figure 3-14. Using a regression program, the value of the intercept (rounded to the nearest penny) is

Question

Figure 3-14.Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs associated with utility cost incurred by the factory. Data for the past five months were collected. 
-Refer to Figure 3-14. Using a regression program, the value of the intercept (rounded to the nearest penny) is

Quizplus · Accepted Answer

The intercept in a regression equation represents the expected value of the dependent variable when all independent variables are zero. The value $10,630.80 is likely the calculated intercept from the regression program.