The Following Computer Printout Estimated Overhead Costs Using Regression During the Last Accounting Period 10,000 DLH Were Worked

question 11

Multiple Choice

The following computer printout estimated overhead costs using regression:
$\begin{array}{|l|l|l|l|l|l|l|l|}\hline\text { Degrees}&&&&\text { Degrees}\\\text { of}&&&&\text { of}\\\text { Freedom } & 90 \% & 95 \% & 99 \% & \text { Freedom } & 90 \% & 95 \% & 99 \%\\\hline 1 & 6.314 & 12.708 & 63.657 & 11 & 1.796 & 2.201 & 3.106 \\\hline 2 & 2.920 & 4.303 & 9.925 & 12 & 1.782 & 2.179 & 3.055 \\\hline 3 & 2.353 & 3.182 & 5.841 & 13 & 1.771 & 2.160 & 3.055 \\\hline 4 & 2.132 & 2.776 & 4.604 & 14 & 1.761 & 2.145 & 3.012 \\\hline 5 & 2.015 & 2.571 & 4.032 & 15 & 1.753 & 2.131 & 2.947 \\\hline 6 & 1.943 & 2.447 & 3.707 & 16 & 1.746 & 2.120 & 2.921 \\\hline 7 & 1.895 & 2.365 & 3.499 & 17 & 1.740 & 2.110 & 2.898 \\\hline 8 & 1.860 & 2.306 & 3.355 & 18 & 1.734 & 2.101 & 2.878 \\\hline 9 & 1.833 & 2.262 & 3.250 & 19 & 1.729 & 2.093 & 2.861 \\\hline 10 & 1.812 & 2.228 & 3.169 & 20 & 1.725 & 2.086 & 2.845 \\\hline\end{array}$ During the last accounting period 10,000 DLH were worked.
-Refer to the figure.What does the coefficient of determination in this model indicate?

• A)The slope is 14.05,which is the variable costs.
• B)The intercept is 100.41,which is the fixed costs.
• C)Eighty percent of the variation in overhead variable is explained by DLH.
• D)The slope is 14.05 and it is significant.

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