Figure 3-6 The Stanford Company incurred the following maintenance cost during a five month period:
Refer to Figure 3-6. Using a computer or calculator, compute the estimate of variable cost per unit of production using the method of least squares. Rounded to two decimal places, this value would be
A) $3.21.
B) $2.70.
C) $1.31.
D) $1.23.

Question

Figure 3-6 The Stanford Company incurred the following maintenance cost during a five month period:
 Refer to Figure 3-6. Using a computer or calculator, compute the estimate of variable cost per unit of production using the method of least squares. Rounded to two decimal places, this value would be
A) $3.21. 
B) $2.70. 
C) $1.31. 
D) $1.23.

Quizplus · Accepted Answer

The Answer of Figure 3-6 The Stanford Company incurred the following maintenance cost during a five month period:
 Refer to Figure 3-6. Using a computer or calculator, compute the estimate of variable cost per unit of production using the method of least squares. Rounded to two decimal places, this value would be
A) $3.21. 
B) $2.70. 
C) $1.31. 
D) $1.23.

Figure 3-6 the Stanford Company Incurred the Following Maintenance Cost