Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hours of Activity 540 see 630 460 789 510 January February March April May June July August September October November December Sum Average Maintenance Costs

image text in transcribedimage text in transcribed

Hours of Activity 540 see 630 460 789 510 January February March April May June July August September October November December Sum Average Maintenance Costs 4,420 3,220 3,820 3,840 4,578 3,189 3,250 4,690 4,480 4,270 3,520 3,388 45,840 3,828 see 810 760 730 560 540 7,320 610 1,146.03 4.3836 A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate 454.871 0.73148 R2 306.174 0.78220 2.519 5.993 T-value a T-value b What would be the cost equation if the high-low method is used? Multiple Choice O Maintenance Costs = $621 Hours of Activity Maintenance Costs - $3,820 + (5610 Hours of Activity: O Maintenance costs $873. ($471 Hours of Activity) Maintenance Costs - $306.174. ($0.78220 Hours of Activity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Where is the position?

Answered: 1 week ago