The Saskatoon Company Manufactures Motorcycles -Refer to the Figure

question 84

Multiple Choice

The Saskatoon Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs associated with utility cost incurred by the factory. Data for the past five months were collected. $\begin{array}{lrr}& \text { Utility } & \text { Machine } \\\text { Month } &\text { cost }&\text { hours }\\\text { March } & \$ 30,255 & 2,200 \\\text { April } & 32,750 & 2,525 \\\text { May } & 34,712 & 2,710 \\\text { June } & 31,850 & 2,410 \\\text { July } & 30,720 & 2,290\end{array}$
-Refer to the Figure.When using a linear regression program,what is the value of the X Variable 1 (rounded to the nearest penny) ?

• A)$0.99
• B)$8.83
• C)$195.35
• D)$11,594.00

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Definitions:

Presumed

Accepted as true or valid based on the evidence until proven otherwise.

Primary Obligation

The main or fundamental duty that a party is required to perform under a contract.

Debtor

An individual or entity that owes money or other obligations to another party, known as the creditor.

Exaggerated Claims

Statements that stretch the truth or make something seem more important or serious than it actually is.