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Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows: Equation: Overhead = $43,429 + ($89.80 Machine-hours) Statistical
Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows: Equation: Overhead = $43,429 + ($89.80 Machine-hours) Statistical data Correlation coefficient .601 R2 .361 Required: Estimate overhead if the company expects the plant to operate at a monthly average of 9,100 machine-hours next year.
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