budgeting...

\fTotal maintenance eXpense for the past 10 months of 2020 is 918,000. Some of the maintenance activity appears related to the operation of the machinery and the accountant desires to determine whether hours should he used as a basis upon whichto estimate maintenance expense at various level of activity. Machine hours for the same period totaled 80,000 hours. The machine hours differences nm average multiplied by the maintenance expense differences from its average andsummed is H.800. The machine hours differ- ences from average squared and summed is 4,000 and the maintenance expense differences from average squared and summed is H.000. REQUIRED: 1. Compute the fixed a variable maintenance cost elements using the method of least squares. Use 5 decimals for the variable rotmding; totals to nearest P1. 2. Compute the coefcient of correlation and determination up to 2 decimals