The Managerial Accountant at the Bookcase Factory Prefers Regression Analysis

question 6

Multiple Choice

The managerial accountant at the Bookcase Factory prefers regression analysis to the high-low method because it is a more accurate method. The managerial accountant uses regression output and analyzes the following data to predict future costs: y =$250x + $625
Where,
Y = total monthly utility cost
X = number of guests
What is the intercept coefficient, or the vertical intercept of the fixed cost line, in the equation listed above?

• A)y
• B)$250x
• C)$625
• D)$250x + $625

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Definitions:

Faith Ringgold

Faith Ringgold is an American artist known for her narrative quilts that address issues of race, gender, and politics in the United States, blending visual art with story-telling.

Artistic Medium

The material or method used by an artist to create artwork, such as oil paint, sculpture, digital media, and more, each offering different possibilities and limitations for expression.

Gender

A range of characteristics of feminity, masculinity, and variations, often distinguished between biological sex and gender identity.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.