Jorgenson Corporation has provided the following data for the first five months of the year: Machine Hours Lubrication Cost January 265 $ 1,515 February 355
Jorgenson Corporation has provided the following data for the first five months of the year:
| Machine Hours | Lubrication Cost | |||||
| January | 265 | $ | 1,515 | |||
| February | 355 | $ | 1,635 | |||
| March | 425 | $ | 1,765 | |||
| April | 320 | $ | 1,615 | |||
| May | 365 | $ | 1,720 | |||
Using the least-squares regression method of analysis, the estimated variable lubrication cost per machine hour is closest to:
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Authors: Stephen Satchell, John Knight
2nd Edition
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