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Marigold Company Makes Furniture

question 156

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Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected as follows:

Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected as follows: Coefficients shown by a regression program are as follows: - Using the results of regression, calculate the variable rate of the electricity cost. A) $6.39 per machine hour B) $7.25 per machine hour C) $5.75per machine hour D) None of these are correct. Coefficients shown by a regression program are as follows:

Marigold Company makes furniture.The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory.Data for the past four months were collected as follows: Coefficients shown by a regression program are as follows: - Using the results of regression, calculate the variable rate of the electricity cost. A) $6.39 per machine hour B) $7.25 per machine hour C) $5.75per machine hour D) None of these are correct.
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Using the results of regression, calculate the variable rate of the electricity cost.

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