Corrine Corporation, which uses least-squares regression analysis, has derived the following regression equation for estimates of manufacturing overhead: Y=51t.oo + 6.45X. Which of the following statements is true if the primary cost diver is machine hours? Muluple Choice X represents the number of machine hours. The compaty anticipates $541,000 of floed manufacturing overtead and "X" tepresents the number of machine hours "X*' is commonly known as the dependent vatiable' The conpany anceipses 551,000 of fixed manufacturing ovenhed. Toril enanufacturing everesead is ieptesented by the vanable "x