The following computer output was received: Intercept 187,500 Slope 310 The cost driver used was...
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Accounting
The following computer output was received: Intercept 187,500 Slope 310 The cost driver used was number of parts inspected. Required: 1. What is the cost formula? Total cost of receiving =$+($>) 2. Using the cost formula from Requirement 1 , identify each of the following: independent variable, dependent variable, Variable rate per professional hour, and fixed cost per month. rt inspected 3. Using the cost formula, predict the cost of receiving for a month in which 7,800 parts are inspected. Total cost of receiving =$
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