Corrine Corporation, which uses least-squares regression analysis, has derivod the following regression equation for estimates of manufacturing overhead: Y=507,000+6.25X. Which of the following statements is true if the primary cost driver is machine hours? Mutpie Choice The company articipates $507,000 of fixed manufacturing overhead. The company andicipates $507,000 of fixed manufacturing overhead and ' X " represents the number of machine hours. " X : is commonly known as the dependent variable. "X" represents the number of machine hours. Tetal manufictuning ovehead is represented by the variable " x