Meleski Corporation's Recent Utility Costs Are Listed Below: Management

question 9

Multiple Choice

Meleski Corporation's recent utility costs are listed below: Management believes that utility cost is a mixed cost that depends on machine-hours.
-Using the least-squares regression method, the estimate of the fixed component of utility cost per month is closest to:

• A) $4,649
• B) $5,028
• C) $16,975
• D) $16,850

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Definitions:

Adjustment

The process of making small changes to something in order to improve it or to correct errors.

Indirect Approach

A communication strategy where the main point is not directly stated at the beginning but gradually presented, often used in sensitive topics.

Delays

Delays refer to the postponement or slowdown in the progress or timing of an event, project, or process, often resulting in inconveniences and adjustments.

Routine

A sequence of actions regularly followed; a fixed program or procedure.