The Management of Smoots Corporation Would Like for You to Analyze

question 13

Multiple Choice

The management of Smoots 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)$4.64 per machine-hour plus $34,603 per month
• B)$2.09 per machine-hour plus $19,018 per month
• C)$2.79 per machine-hour plus $13,787 per month
• D)$2.00 per machine-hour plus $19,649 per month

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Definitions:

Self-sufficiency

The ability of an individual or community to fulfill all of their needs without external assistance.

Self-reinforcement

The act of rewarding oneself to reinforce and encourage certain behaviors or outcomes, an important concept in behavioral psychology.

Self-efficacy

A person's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Self-efficacy

A person's belief in their ability to succeed in specific situations or tasks, according to psychologist Albert Bandura's theory.