Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows:
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Question:
Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows:
Equation:Overhead = $43,505 + ($88.20 Labor-hours)Statistical dataCorrelation coefficient.613R2.376
Required:
Estimate overhead if the company expects the plant to operate at a monthly average of 3,040 labor-hours next year.
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