Louis Tang, a Cost Accountant at Prime Plastics, Inc

question 33

Multiple Choice

Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI) , is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) .Regression analysis of the data yielded the following tables: Louis's sample size (n) is ___.

• A)13
• B)14
• C)12
• D)24

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Definitions:

Multinational Company

A corporation that operates in multiple countries beyond its home country, typically having a centralized headquarters but decentralized operations.

Tax Rates

The fraction of earnings taken as tax from a person or corporation by the authorities.

Fixed Overhead Costs

Costs that do not change in total with changes in the volume of production or services.

Production Capacity

The maximum amount of output that a production facility can create, given the resources and constraints.