If an Estimated Regression Line Has a Y-Intercept of 10

question 36

Multiple Choice

If an estimated regression line has a y-intercept of 10 and a slope of 4, then when x = 2 the actual value of y is:

• A) 18
• B) 15
• C) 14
• D) unknown
• E) 2

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Definitions:

Job F

Based on context, this could refer to a specific job identifier in job costing, tracking costs and revenue associated with a particular job.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a selected activity base.

Direct Labor-hour

The number of labor hours spent on the direct production of goods or services.

Manufacturing Overhead

Costs incurred from the manufacturing process, which exclude both direct labor and materials, are categorized as indirect costs.