Flexible Budget, Multiple Regression The controller for Muir Company's Salem plant is analyzing overhead in order...

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Flexible Budget, Multiple Regression The controller for Muir Company's Salem plant is analyzing overhead in order to determine appropriate drivers for use in flexible budgeting. She decided to concentrate on the past 12 months since that time period was one in which there was little important change in technology, product lines, and so on. Data on overhead costs, number of machine hours, number of setups, and number of purchase orders are in the following table. Number Number of Month Overhead Costs Machine of Purchase Hours Setups Orders January $ 32,296 1,000 20 216 February 31,550 930 18 250 March 36,280 1,100 21 300 April 1 36,867 1,050 23 270 < May 36,790 1,170 22 285 June 37,800 1,200 25 240 July 40,024 1,235 27 237 August 39,256 1,190 24 303 September 33,800 1,070 201 255 October 33,779 1,210 22 195 November 37,225 1,207 23 270 December 27,500 1,084 15 150 Totals $423,167 13,446 260 2,971 Required: 1. Run a multiole reoression equation using machine hours. number of setuos and number of purchase orders as indecendent variables. Prepare a Check My Work Previous Seve and Exit Submit Assignment for Grading Flexible Budget, Multiple Regression The controller for Muir Company's Salem plant is analyzing overhead in order to determine appropriate drivers for use in flexible budgeting. She decided to concentrate on the past 12 months since that time period was one in which there was little important change in technology, product lines, and so on. Data on overhead costs, number of machine hours, number of setups, and number of purchase orders are in the following table. Number Number of Month Overhead Costs Machine of Purchase Hours Setups Orders January $ 32,296 1,000 20 216 February 31,550 930 18 250 March 36,280 1,100 21 300 April 1 36,867 1,050 23 270 < May 36,790 1,170 22 285 June 37,800 1,200 25 240 July 40,024 1,235 27 237 August 39,256 1,190 24 303 September 33,800 1,070 201 255 October 33,779 1,210 22 195 November 37,225 1,207 23 270 December 27,500 1,084 15 150 Totals $423,167 13,446 260 2,971 Required: 1. Run a multiole reoression equation using machine hours. number of setuos and number of purchase orders as indecendent variables. Prepare a Check My Work Previous Seve and Exit Submit Assignment for Grading