The Management of Ferry Corporation Would Like for You to Analyze

question 14

Multiple Choice

The management of Ferry Corporation would like for you to analyze their repair costs, which are listed below: Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:

• A)$1.64 per machine-hour plus $29,566 per month
• B)$0.92 per machine-hour plus $31,132 per month
• C)$1.37 per machine-hour plus $30,157 per month
• D)$15.39 per machine-hour plus $33,096 per month

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Definitions:

Nurture

The practice of nurturing and supporting the advancement or progression of an individual or entity.

Personality Traits

Enduring characteristics and habitual patterns of behavior, thought, and emotion that are relatively stable over time.

Environmental Factors

Elements of the physical and social environment that can influence individuals’ or organizations’ functioning and performance.

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into 16 different personality types based on preferences in perception and decision-making.