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Questions 9 and 1 0 refer to the following: Jones Co . had the following data for machine hours and maintenance costs in each of
Questions and refer to the following:
Jones Co had the following data for machine hours and maintenance costs in each of the four quarters of their prior fiscal year:
QUARTER : hours and $
QUARTER : hours and $
QUARTER : hours and $
QUARTER : hours and $
What is the slope of the mixed cost equation for maintenance costs, using the Linear Regression method?
a $
b $
c $
d $
Using the Linear Regression method and your answer from # above, what would be the cost estimated for the first quarter next year, the number machine hours for that quarter are estimated
$ $
b $
d $
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