Day Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs...

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Day Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months were collected as follows: A regression analysis was performed to estimate Maintenance Cost based on Machine Hours. Coefficients shown by the regression program are as follows: Intercept 1,071 X Variable 1 9.27 Using the results of regression, calculate the expected maintenance cost in a month when Day incurred 293 machine hours. Day Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months were collected as follows: A regression analysis was performed to estimate Maintenance Cost based on Machine Hours. Coefficients shown by the regression program are as follows: Intercept 1,071 X Variable 1 9.27 Using the results of regression, calculate the expected maintenance cost in a month when Day incurred 293 machine hours.