A Manufacturing Company Uses Two Different Independent Variables in Two

question 66

Essay

A Manufacturing Company uses two different independent variables in two different equations to evaluate the cost activities of the packaging department, machine-hours and number of packages. The most recent month's results of the two regressions are as follows:
Machine hours:
r² = 0.29
Number of packages:
r² = 0.61
Required:
a. What are the estimating equations for each cost driver?
b. Which cost driver is best and why?

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Definitions:

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Unique Operator

A theoretical concept or specific operator in programming that performs a distinct operation not duplicated by any other operator.

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An object manipulated by an operator in a mathematical expression or procedure.

Java

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