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3.-Methods of Estimating Costs: Simple Regression: Simple regression results from the data of Adriana Corporation (Exercise 5-26) are as follows: 1 Equation: Overhead - $206.469

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3.-Methods of Estimating Costs: Simple Regression: Simple regression results from the data of Adriana Corporation (Exercise 5-26) are as follows: 1 Equation: Overhead - $206.469 ($45.83 x Machine-hours) Statistical data Correlation coefficient. R 14 1962 --- .. PERHERINNEN .925 Estimate overhead if the company expects the plant to operate at a monthly average of 9.000 machine-hours next year

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