A) Y = -24 + 1

question 78

Multiple Choice

$$\begin{array}{l}\text { Find the equation of the regression line. }\\\begin{array} { c | c c c c c c } x & 12 & 14 & 10 & 9 & 15 & 8 \\\hline y & 29 & 35 & 28 & 23 & 36 & 18\end{array}\end{array}$$

• A) y = -2.4 + 1.2x
• B) y = -1.2 + 2.4x
• C) y = 2.4 + 1.2x
• D) y = 1.2 + 2.4x

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Definitions:

Efficiency Variance

The difference between the actual amount of input (time, materials, etc.) used in production and the standard amount expected to be used.

Direct Labor-Hours

The sum of the hours spent by workers directly manufacturing a product.

Variable Overhead

Indirect production costs that fluctuate with the level of output, such as utilities or materials used in the manufacturing process.

Efficiency Variance

A measure used in cost accounting to evaluate the efficiency of resource usage, calculated as the difference between actual usage and the standard or expected usage.