Question 22 Not yet answered XYZ Company's accountant is estimating next penod's total overhead costs (Y). She performed three regression analyses, the first is based on direct labor hours (DLH), the second is based on machine hours (Mhr), and the third is based on quantity produced (O). The results were: IY-$95,000 59xDLHR-square- 0.90): [Y= $120,000 + $5xMhr R-square = 0.101: TY=190,000+20 R-square=055]. How much of the variations on the overhead costs is explained by the machine hours (Mht)? Marked out of 100 P Flag question Select one: O a. 10% O b. 55% O c. 90% O d. 45% None of the answers given Questi 23 Following are utilities costs for different level of machine hours: $225 for 5 hours: $230 for 6 hours: $235 for 7 hours; and $240 for 8 hours This cost is best described as Not yet answered Marked out of 060 Select one: O a. None of the answers given b. Variable Flag question @ Fixed d. Mixed OeDirect