The controller for Stern, Inc., prepared this regression diagram drawing a line of best fit (trend line)
Question:
The controller for Stern, Inc., prepared this regression diagram drawing a line of best fit (trend line) for factory overhead and wages. The line of best fit in this diagram is described by the formula y = a + bx.
Required:
a. Determine the slope of the line of best fit in numerical terms.
b. Give the estimated overhead if wages amount to $750,000.
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Related Book For 
Cost Accounting Using A Cost Management Approach
ISBN: 9780256174809
6th Edition
Authors: Letricia Gayle Rayburn, Martin K. Gay
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