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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a...

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Accounting

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Valle Crucis 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): EEB (Click the icon to view the portion of the regression analysis) Data Table What is the fixed cost (round to nearest cent)? O A. $67.59 SUMMARY OUTPUT B. $2.945.95 O C. $0.99 O D. $0.72 Regression Statistics 0.991108748 0.982298551 Multiple R R Square Adjusted R Square Standard Ermor 0.977870689 67.58593536 ANOVA af MS Significance F 1013811.899 1013811.899 221.9446735 18271.43463 4567 858659 0.00011823 Residual Coefficients Standard Error 2945.94652 0.718590832 t Stat P-value Lower 95% 194.105844 15.17701095 0.000109885 2407.022299 584669919 X Variable 1 0.04823467 14.89780767 0.00011823

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