Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sago co. uses regression analysis to develop a mod

Sago Co. uses regression analysis to develop a model for predicting overhead costs. Two different...

50.1K

Verified Solution

Question

Accounting

Sago Co. uses regression analysis to develop a model for predicting overhead costs. Two different cost drivers (machine hours and direct materials weight) are under consideration as the independent variable. Relevant data were run on a computer using one of the standard regression programs, with the following results: Machine hours Coefficient y-intercept 2,500 b 5.0 r = .70 Direct materials weight y-intercept 4,600 b 2.6 r = .50 Which regression equation should be used? A. y = 2,500 + 5.0x B. y = 4,600 + 2.6x C. y = 4,600 + 1.3x D. y = 2,500 + 3.5x

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

The speed of a runner increased steadily during the first three seconds of a race. Her...

Operations Management
1.2K views

Historically, what were the major issues facing migrant labor? Have they been resolved? What role have unions...

Physics
1.2K views

3 An electron moves on a straight line path XX as shown below A coil...

Physics
1.2K views

d it The piston cylinder arrangement shown contains a diatomic gas at temperature 300 K...

Basic Math
1.2K views

Investors buy a studio apartment for $200,000. Of this amount, they have a down payment...

Calculus
1.2K views

Express the integrand as a sum of partial fractions Select the correct choice below and...

Accounting
1.2K views

All factory overhead costs are estimated based on the level of direct labor hours used....

Accounting
1.2K views

A company purchased a piece of large equipment valued at $720 thousand. In order to...

Accounting
1.2K views

The following information relates to Peter Company (in thousands): Additional investment by Mr. Peter $...

Accounting
1.2K views

Beauty Island Corporation began operations on April 1 by issuing 55,000 shares of $5 par...

Accounting
1.2K views

Martin Company purchases a machine at the beginning of the year at a cost of...

Accounting
1.2K views

Briefly identify FIVE (5) security controls to analyze during the Feasibility/Initiation and FIVE (5) in...