13. For a simple regression-analysis model that is used to allocate factory overhead, an internal auditor...

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13. For a simple regression-analysis model that is used to allocate factory overhead, an internal auditor finds that the intersect the line of best fit for the overhead allocation on the y-axis is P50,000. The slope of the trend line is .20. The independent variable, factory wages, amounts to P900,000 for the month. What is the estimated amount of factory overhead to be allo for the month? A. P910,000 B. P950,000 C. P 50,000 D. P180,000 E. P230,000 13. For a simple regression-analysis model that is used to allocate factory overhead, an internal auditor finds that the intersect the line of best fit for the overhead allocation on the y-axis is P50,000. The slope of the trend line is .20. The independent variable, factory wages, amounts to P900,000 for the month. What is the estimated amount of factory overhead to be allo for the month? A. P910,000 B. P950,000 C. P 50,000 D. P180,000 E. P230,000