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The following information applies to questions 9-10. Tory Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost. y

The following information applies to questions 9-10.

Tory Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost.
y = $80,000 + $12X where: y = monthly manufacturing overhead cost X = machine hours
The standard error of estimate of the regression is $6,000.
The standard time required to manufacture one six-unit case of Tory

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