$7($i$)$

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Baicom Enterprises is planning to introduce a new product that will sell for $$140$ per unit. Manufacturing cost estimates for $30,000$ units for the first year of production are:

Direct materials $$1,590,000$

Direct labor $$624,000($based on $$16$ per hour $\backslash$times $39,000$ hours$).$

$\backslash$table$[[$Dependent variable,Factory overhead costs$],[$Independent variable,Direct labor hours$],[$Intercept$,$$$140,000$