Coefficients shown by a regression program are:

Intercept 7600

X Variable 1 5.10

Required:

A. Using the results of regression calculate the fixed cost of maintenance and the variable rate per machine hour.

Fixed cost $_____
Variable rate $_____	per machine hour

B. Using the results of regression, construct the cost formula for the total maintenance cost.

Total maintenance cost	=	Fixed cost	+	Variable cost
	=	_____	+	___________

C. Calculate the budgeted cost for maintenance assuming that 610 hours are worked next month.

$ __________