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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
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 25,000 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
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