The Y-Intercept of the Least Squares Regression Line Is

question 89

Multiple Choice

The y-intercept of the least squares regression line is:

• A)10.48
• B)18.05
• C)3.57
• D)0.46

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Definitions:

Manufacturing Overhead Applied

The portion of manufacturing overhead costs allocated to each unit of production based on a predetermined rate.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Underapplied

Refers to a situation where the allocated manufacturing costs are less than the actual manufacturing costs incurred.

Overapplied

A situation in accounting where the allocated manufacturing overhead cost is more than the actual overhead incurred.