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Could use some help thanks! Bradford Company derived the following cost relationship from a regression anolysis of its monthly manutacturing overhead cost C=$95,000+$12M where: C=
Could use some help thanks! Bradford Company derived the following cost relationship from a regression anolysis of its monthly manutacturing overhead cost C=$95,000+$12M where: C= monthly manufacturing overhead cost, and M= machine hours The standard error of estimate of the regression is $3,500. The standard time required to manufacture one six-unit case of Bradtord's single product is two machine hours. Bradford applies manufacturing overhead to production on the basis of machine hours, and its nocmal annual production is 65,000 cases. Bradfords estimated variable manufacturing overhead cost for a month in which scheduled production is 6,500 cases would be- Multiple Choice $173,000 $156,000 Some amount other than these answer choices
Could use some help thanks!
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