The Following Information Was Taken from a Computer Printout Generated

question 38

Multiple Choice

The following information was taken from a computer printout generated with the least-squares method for use in estimating overhead costs: $$\begin{array} { l l } \text { Slope } & 45 \\\text { Intercept } & 5,700 \\\text { Correlation coefficient } & .72 \\\text { Activity variable } & \text { Direct 1abor hours }\end{array}$$ The cost formula is

• A)Overhead = $5,700 − $45X
• B)Overhead = $5,700 + $45X
• C)Overhead = $5,700 + ($45 × 0.72)
• D)Overhead = $5,700 × 0.72

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Definitions:

Phonetic Alphabet

A system of writing developed by early Greeks that uses letters to represent spoken sounds, enabling the expression of complex ideas.

Complex Ideas

Thoughts or concepts that are intricate and composed of multiple interconnected elements, often requiring significant understanding or analysis.

Spoken Sounds

The auditory elements or phonetic units used in oral communication to convey language and meaning.

Telegraph Lines

Historically significant communication system that transmitted electrical signals over wires between distant locations to convey messages.