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Chi Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows Equation: overhead - $43,591 + ($88.60 X Machine-hours) Statistical data Correlation coefficient R2 .602 .362 Required: Estimate overhead if the company expects the plant to operate at a monthly average of 9,180 machine-hours next year Overhead costs Adriana Corporation manufactures football equipment. Multiple regression results from the data of Adriana Corporation are as follows: Equation: Overhead - $24,137 + ($31.20 * Labor-hours) + (541.88 x Machine-hours) Statistical data Correlation coefficient .989 1.978 Required: Estimate overhead using the multiple regression results, assuming that the company expects the plant to operate at a monthly average of 9,160 machine-hours and 3,080 labor-hours next year Overhead costs Assume that General Dynamics, which manufactures high-technology instruments for spacecraft, is considering the sale of a navigational unit to a government agency in India that wishes to launch its own communications satellite. The government agency plans to purchase 8 units, although it would also consider buying 16 units. General Dynamics has started a chart relating labor time required to units produced Unit Produced (X) 1 2 4 8 16 Time Required to produce the Xth Unit 21,000 hours 12,600 hours 7,560 hours Required: a. Compute the labor time required to produce 8 and 16 units b. Assume that labor time costs $60 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? Required: a. Compute the labor time required to produce 8 and 16 units. b. Assume that labor time costs $60 per hour. Compare the cost of producing the the percentage of the cost of the 16th unit to the cost of the 1st unit? Complete this question by entering your answers in the tabs below. Required A Required B ces Compute the labor time required to produce 8 and 16 units. (Round your answers to hours Time required to produce 8th unit Time required to produce 16th unit hours Required B Required A Required B Assume that labor time costs $60 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? (Do not round your intermediate calculations, Enter your answer as a percentage rounded to 2 decimal places (1.e., 32.21) % Percentage of cost of 16th unit to 1st unit cost