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Wallace Incorporated wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) : What is the variable cost per machine hour (rounded to the nearest cent) ?
Wine Drinkers
Individuals who consume wine, often with an appreciation for its varieties and pairings with food.
Interest Rate
The rate at which a loan accrues interest for the borrower, frequently expressed as an annual percentage of the loan's remaining value.
Antique
An item of considerable age valued for its aesthetic or historical significance, often regarded as collectible or desirable due to its rarity and craftsmanship.
Pleasure
A feeling of happiness, satisfaction, or enjoyment derived from various activities or experiences.
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