Question
The following computer printout was generated, using regression, for use in estimating overhead costs. Intercept 5700 X Variable 1 45 Multiple R 0.3000 R Square
The following computer printout was generated, using regression, for use in estimating overhead costs.
Intercept
5700
X Variable 1
45
Multiple R
0.3000
R Square
0.0900
Activity variable
Direct labour hours
What percentage change in overhead costs (rounded to nearest percent) can be explained by changes in direct labour hours?
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
