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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 $
Standard error of Y estimate $
R
Number of observations
X coefficients
Standard error of coefficients
If the company expects to produce units, what is the estimated cost of indirect materials?
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