A Multiple Regression Analysis Produced the Following Tables

question 21

Multiple Choice

A multiple regression analysis produced the following tables: The regression equation for this analysis is ___.

• A)y = 616.6849 + 3.33833 x₁ + 1.780075 x₂
• B)y = 154.5535 - 1.43058 x₁ + 5.30407 x₂
• C)y = 616.6849 - 3.33833 x₁ - 1.780075 x₂
• D)y = 154.5535 + 2.333548 x₁ + 0.335605 x₂
• E)y = 616.6849 - 3.33833 x₁ + 1.780075 x₂

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Definitions:

Direct Material Costs

The costs of raw materials that can be directly traced to the production of a specific product.

Direct Material Quantity Variance

The difference between the actual amount of direct materials used and the standard amount expected to be used, multiplied by the standard cost per unit of material.

Actual Quantity Purchased

The true amount of materials or goods that a company buys within a specific time frame, which can be compared to budgeted or planned quantities.

Fixed Manufacturing Overhead Volume Variance

The difference between budgeted fixed manufacturing overhead and the amount applied to production, based on standard hours.