7) Big Time Corporation wanted to determine the relationship between its monthly operating costs and...
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7) Big Time 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). SUMMARY OUTPUT What is closest to the total cost if the firm uses 6,000 machine hours? A) 57,257.49 B) $6,538.90 C) 514,729,732,60 D) 51,365,59
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