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Arthur Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect Materials Cost Explained by Units Produced

Arthur Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows:
Indirect Materials Cost Explained by Units Produced
Constant $20000
Standard error of Y estimate $500
R20.743
Number of observations 645
X coefficient(s)21
Standard error of coefficient(s)1.7
If the company expects to produce 15,000 units, what is the estimated cost of indirect materials?

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