Regression analysis was run for Castanza Company, resulting in the following output (this is based on the data used in the previous exercise) Required a Use the regression output above to develop the cost equation Y f vX b What would Castanza Companys estimated costs be if it used 50,000 machine ho...

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Regression analysis was run for Castanza Company, resulting in the following output (this is based on the

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Regression analysis was run for Castanza Company, resulting in the following output (this is based on the data used in the previous exercise).

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a. Use the regression output above to develop the cost equation Y = f+ vX.

b. What would Castanza Company’s estimated costs be if it used 50,000 machine hours next month?

c. What would Castanza Company’s estimated costs be if it used 15,000 machine hours next month?

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Essentials Of Managerial Accounting

ISBN: 9780618436699

1st Edition

Authors: Kurt Heisinger

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Question Posted: May 29, 2024 08:01 AM

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Regression analysis was run for Castanza Company, resulting in the following output (this is based on the

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y-intercept x variable Coefficients 445,639 8.54

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Essentials Of Managerial Accounting

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