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Bowling Corporation wants to know how closely its current cost driver is correlated with its monthly operating costs. The managerial accountant runs a regression
Bowling Corporation wants to know how closely its current cost driver is correlated with its monthly operating costs. The managerial accountant runs a regression analysis using a statistical software program and produces the following data: Intercept Coefficient = 12,200,567 X Variable 1 Coefficient = 95.65 = R-square 0.8574 What is the Bowling Corporation's monthly cost equation? A) y = $95.65x+ $8,574 B) y = $0.8574x + $12,200,567 OC) y= $95.65x+ $12,200,567 OD) y = $12,200,567x+ $8,574
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