Question 4: The dependent variable in the regression in our cost driver analysis is:

Group of answer choices

a. Total Production in Board Feet

b. Busy Season Cost

c. Total Company Costs

d. Total Production Cost

Question 5: The formula to calculate an estimate of total production costs during the busy season would be which of the following:

a. $10,519.019 + ($0.427 * Production Board Feet) + ($4,858.671 * Busy Season)

b. $10,519.019 + ($0.427 * Production Board Feet)

c. ($0.427 * Production Board Feet) + ($4,858.671 * Busy Season)

1 SUMMARY OUTPUT 2 3 Regression Statistics 4 Multiple R 0.935452489 5 R Square 0.87507136 6 Adjusted R Squar 0.869972232 7 Standard Error 4640.592309 8 Observations 52 9 10 10 ANOVA 11 df 12 Regression 2 13 Residual 491 14 Total 51 15 16 Coefficients 17 Intercept 10519.0191 18 Production 0.427431773 19 Busy 4858,671029 20 21 22 23 F 171.6119563 Significance F 7.38277E-23 SS MS 7391360242 3695680121 1055219752 21535097 8446579994 Standard Error t Stat 2990.552612 3.5174165 0.048822746 8.75476717 2268.045137 2.14222854 P-value 0.000950375 1.37193E-11 0.037170447 Lower 95% 4509.278623 0.329318792 300.8636849 Upper 95% 16528.75957 0.525544754 9416.478373 Lower 95.09 Upper 95.0% 4509.278623 16528.7596 0.329318792 0.52554475 300.8636849 9416.47837 24