Valle Crucis Corporation 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 4,200 machine hours?
A)$5,964.03
B)$3,018.08
C)$2,945.95
D)$12,372,975.38

Question

Valle Crucis Corporation 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 4,200 machine hours?
A)$5,964.03 
B)$3,018.08 
C)$2,945.95 
D)$12,372,975.38

Quizplus · Accepted Answer

The Answer of Valle Crucis Corporation 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 4,200 machine hours?
A)$5,964.03 
B)$3,018.08 
C)$2,945.95 
D)$12,372,975.38

Valle Crucis Corporation Wanted to Determine the Relationship Between Its