The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced.
Intercept$\quad$$\quad$2,490
X Variable$\quad$$\quad$489 Required:

Question

The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced.
 Intercept$\quad$$\quad$2,490
X Variable$\quad$$\quad$489 Required:

Quizplus · Accepted Answer

The Answer of The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced.
 Intercept$\quad$$\quad$2,490
X Variable$\quad$$\quad$489 Required:

The Cost Accountant for Bolagio Company Used an Excel Spreadsheet \quad

The Cost Accountant for Bolagio Company Used an Excel Spreadsheet $\quad$