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Norm Inc manufactured and sold 48,000 units of its Macz product in FY2021. A regression analysis of the monthly production costs for that year resulted
Norm Inc manufactured and sold 48,000 units of its Macz product in FY2021. A regression analysis of the monthly production costs for that year resulted in the following estimates (assume all reported coefficients are statistically significant): Variable Coefficient Intercept 4,100 Labor Hours Used 40.5 # of Inspections 225 What is the expected production cost for a month where there are 1800 labor hours used and 300 inspections performed? Round your solution to the nearest $1.00
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