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Adriana Corporation manufactures football equipment. Multiple regression results from the data of Adriana Corporation are as follows: Equation: Overhead $24,215 ($31.50 x Labor-hours) + ($41.50
Adriana Corporation manufactures football equipment. Multiple regression results from the data of Adriana Corporation are as follows: Equation: Overhead $24,215 ($31.50 x Labor-hours) + ($41.50 x Machine-hours) Statistical data Correlation coefficient .978 .956 Required: Estimate overhead using the multiple regression results, assuming that the company expects the plant to operate at a monthly average of 9,180 machine-hours and 3,070 labor-hours next year. Overhead costs
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