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 6,000 machine hours?
A)$7,257.49
B)$6,538.90
C)$14,729,732.60
D)$1,365.59

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 6,000 machine hours?
A)$7,257.49 
B)$6,538.90 
C)$14,729,732.60 
D)$1,365.59

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 6,000 machine hours?
A)$7,257.49 
B)$6,538.90 
C)$14,729,732.60 
D)$1,365.59

Valle Crucis Corporation Wanted to Determine the Relationship Between Its