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Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows: Equation: Overhead = $217,610 + ($88.61 Labor-hours) Statistical

Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows:

Equation:
Overhead = $217,610 + ($88.61 Labor-hours)
Statistical data
Correlation coefficient 0.610
R2 0.372

Required:

Estimate overhead if the company expects the plant to operate at a monthly average of 3,000 labor-hours next year.

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