Checak Incorporated wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) :
What is closest to the total cost if the firm uses 6,000 machine hours?
A) $7,257.49
B) $6,538.90
C) $14,729,732.60
D) $1,365.59
Correct Answer:
Verified
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