Vanco Industries Wanted to Determine the Relationship Between Its Monthly

question 20

Multiple Choice

Vanco Industries 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.)
-At Vanco Industries, what is closest to the total cost if the firm uses 4,000 machine hours?

• A) $2,413.21
• B) $6,002.36
• C) $3,589.15
• D) $9,652,855.04

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