Fiske Corporation manufactures a popular regional brand of kitchen utensils. Results from a regression of factory costs on labor-hours using the data of Fiske Corporation are as follows: Equation: Overhead = $1,401,352 + ($134.90 x Labor-hours) Statistical data Correlation coefficient 0.963 0.928 R Required: Managers expect the plant to operate at 22,000 labor-hours next quarter. Assuming the relationship remains the same with the new product line and using the results from this regression, what are the estimated quarterly factory costs? Estimated quarterly factory costs

Fiske Corporation manufactures a popular regional brand of kitchen utensils. Results from a regression of factory costs on labor-hours using the data of Fiske Corporation are as follows: Required: Managers expect the plant to operate at 22,000 labor-hours next quarter. Assuming the relationship remains the same with the new product line and using the results from this regression, what are the estimated quarterly foctory costs