Megolith Co. has developed a regression equation to analyze the behavior of its maintenance costs (Q) as

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Megolith Co. has developed a regression equation to analyze the behavior of its maintenance costs (Q) as a function of machine-hours (Z). The following equation was developed using 30 monthly observations:

Q = $6,000 + $5.25Z If 1,000 machine-hours are worked in one month, the estimate of total maintenance costs would be:

(1) $11,250.

(2) $10,125.

(3) $ 5,250.

(4) $ 4,725.

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Cost Accounting

ISBN: 9780256257113

4th Edition

Authors: Michael W. Maher, Edward B. Deakin

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Question Posted: Jul 01, 2024 02:14 AM

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Megolith Co. has developed a regression equation to analyze the behavior of its maintenance costs (Q) as

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Cost Accounting

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