Checkers Corporation, Which Uses Least-Squares Regression Analysis, Has Derived the Following

question 66

Multiple Choice

Checkers Corporation, which uses least-squares regression analysis, has derived the following regression equation for estimates of manufacturing overhead: Y = 495,000 + 5.65X. Which of the following statements is true if the primary cost driver is machine hours?

• A)Total manufacturing overhead is represented by the variable "X."
• B)"Y" is commonly known as the independent variable.
• C)"X" is commonly known as the dependent variable.
• D)"X" represents total manufacturing overhead.
• E)The company anticipates $495,000 of fixed manufacturing overhead.

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