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Questions 1 - 5 AnswerAssessment 1 Based on the results of the cost driver analysis, which cost drivers should be used for Bobs Delivery? Assessment

Questions 1-5AnswerAssessment 1Based on the results of the cost driver analysis, which cost drivers should be used for Bobs Delivery? Assessment 2For upcoming deliveries, the company will apply overhead using which formula? Assessment 3How is the fit of the model associated with the value of Significance F? Assessment 4What is the dependent variable in the regression in our cost driver analysis? Assessment 5If the number of miles for a delivery is 5 and the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals? Format your answer as currency. Lab 3.5 Excel Analysis Questions 1. How do we identify relevant overhead cost drivers using regression? 2. Why did we eliminate weight per delivery as a possible cost driver? 3. Do the regression results make sense? Explain.

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