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Blaster, Inc. recently conducted a least-squares regression analysis to predict selling expenses. The company has...

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Question

Accounting

Blaster, Inc. recently conducted a least-squares regression analysis to predict selling expenses. The company has constructed the following regression equation: Y = 346,000 + 8.65X. Which of the following statements is false if the primary cost driver is number of units sold?

Multiple Choice

  • The company anticipates $346,000 of fixed selling expenses.

  • "Y" represents total selling expenses.

  • The company expects both variable and fixed selling expenses.

  • For each unit sold, total selling expenses will increase by $8.65.

  • "X" represents the number of hours worked during the period.

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