Burmer Co Has Accumulated Data to Use in Preparing Its Annual

question 20

Multiple Choice

Burmer Co. has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be determined. Data regarding the machine hours and maintenance costs for the last year and the results of the regression analysis are as follows:A staff assistant has run regression analyses on the data and obtained the following output using Excel:
REGRESSION ANALYSIS
Y (Dependent) Variable: Maintenance Cost
X (Independent) Variable: Maintenance HoursThe t statistic for the independent variable:

• A) Is statistically significant at less than 5% risk
• B) At 11.46, is statistically significant
• C) At 52.78, is too large to be statistically significant
• D) Lies somewhere between 6.49 and 7.063

---

Definitions:

Legal Proceedings

Formal activities carried out by a court, such as trials or hearings, to resolve disputes or enforce laws.

Judicial Review

The power of courts to assess the constitutionality of legislative acts or decisions made by the government or other public bodies.

Marbury v. Madison

A landmark U.S. Supreme Court case which established the principle of judicial review, enabling courts to strike down laws conflicting with the Constitution.

International Conventions

Agreements between countries that are binding at the international level, often focusing on specific issues like human rights, environmental protection, or trade.