Wallace Incorporated 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): What is the variable cost per machine hour (rounded to the nearest cent)?
A)$67.59
B)$2,945.95
C)$0.99
D)$0.72

Question

Wallace Incorporated 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):  What is the variable cost per machine hour (rounded to the nearest cent)?
A)$67.59 
B)$2,945.95 
C)$0.99 
D)$0.72

Quizplus · Accepted Answer

The Answer of Wallace Incorporated 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):  What is the variable cost per machine hour (rounded to the nearest cent)?
A)$67.59 
B)$2,945.95 
C)$0.99 
D)$0.72

Wallace Incorporated Wanted to Determine the Relationship Between Its Monthly