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Wallace Incorporated Wanted to Determine the Relationship Between Its Monthly

Question 89

Multiple Choice

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) : 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 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

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