The Hard Rock Mining Company is trying to develop cost formula for utility cost.Two independent variables are being considered: Tons Mined and Direct Labor hours. As the managerial accountant, you are to decide which independent variable is best to use. Each question is worth 2 points. The following quarterly information is available for Tons Mined: Quarter Tons Mined Utility Cost Year 1--First 15,000 $50,000 Year 1--Second 11,000 $45,000 Year 1--Third 21,000 $60,000 Year 1--Fourth 12,000 $75,000 Year 2--First 18,000 $100,000 Year 2--Second 25,000 $105,000 Year 2--Third 30,000 $85,000 Year 2--Fourth 28,000 $120,000 1. Complete a scattergraph. Include r-square factor and equation. Make sure the trend line touches the y axis. Show your scattergraph below. Make sure the graph it fits nicely on the page.

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