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Is it a Cold or COVID? (ICC) manufacturers medical-grade thermometers. They determined that their overall costs were driven by two different activities: number of direct
Is it a Cold or COVID? (ICC) manufacturers medical-grade thermometers. They determined that their overall costs were driven by two different activities: number of direct labor hours (X variable 1), and total number of units (X variable 2). The multiple regression analysis provided the following outputs: Intercept 1,980 X Variable 1 2.56 X Variable 2 5.40 For the upcoming period, ICC is anticipating 12,000 direct labor hours, and 6,000 units. What will be their total costs at this production level
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