Almed Products has determined that the number of machine hours worked (MH) drives the amount of manufacturing overhead incurred (MOH) .On the basis of this relationship, a staff analyst has constructed the following regression equation: MOH = 240,000 + 8MH Which of the choices correctly depicts the nature of Almed's variables?
A) Choice A
B) Choice B
C) Choice C
D) Choice D
E) Choice E
Correct Answer:
Verified
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