Thul Company Is Interested in Establishing the Relationship Between Electricity

question 39

Multiple Choice

Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: If the controller uses the high-low method to estimate costs,the cost equation for electricity cost is:

• A)Cost = $3,726.88 + $5.77 × Machine-hours.
• B)Cost = $1,625.00 + $6.25 × Machine-hours.
• C)Cost = $6.90 × Machine-hours.
• D)Cost = $22,825.

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Definitions:

Palpitation

A sensation in which a person is aware of an irregular, hard, or rapid heartbeat.

Cardiac Enzyme

Biomarkers measured to evaluate heart function, particularly in the diagnosis of a heart attack or myocardial infarction.

Myocardial Infarction

A medical condition characterized by the death of heart muscle due to the lack of blood supply, commonly known as a heart attack.

Cholesterol

A waxy, fat-like substance found in all cells of the body, necessary for making hormones, vitamin D, and substances that help digest foods.