he coefficient of determination is a number between: 0 and 1 -1 and 1 -2 and 2 The coefficient of determination can be any number

2.

Based on the maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures: Highest Lowest Cost per month $86,000 $74,000 Machine hours 96,000 66,000

Using the high-low-point method of analysis, the estimated variable cost per machine hour is: $0.40 $0.20 $0.90 $0.10 $0.70