Meleski Corporation's recent utility costs are listed below: Management believes that utility cost is a mixed cost that depends on machine-hours.
-Using the least-squares regression method, the estimate of the variable component of utility cost per machine-hour is closest to:
A) $4.40
B) $4.79
C) $3.47
D) $3.37

Question

Meleski Corporation's recent utility costs are listed below:  Management believes that utility cost is a mixed cost that depends on machine-hours.
-Using the least-squares regression method, the estimate of the variable component of utility cost per machine-hour is closest to:
A) $4.40 
B) $4.79 
C) $3.47 
D) $3.37

Quizplus · Accepted Answer

The Answer of Meleski Corporation's recent utility costs are listed below:  Management believes that utility cost is a mixed cost that depends on machine-hours.
-Using the least-squares regression method, the estimate of the variable component of utility cost per machine-hour is closest to:
A) $4.40 
B) $4.79 
C) $3.47 
D) $3.37

Meleski Corporation's Recent Utility Costs Are Listed Below: Management