the income statement for a manufacturing company includes

ndividual) ne Left:0:46:53 Vanessa Majors: Attempt 1 Question 16 (2.5 points) Use the following information to answer questions 16-18 Burmer, Inc has run two simple regressions and one multiple regression to estimate FOH costs: the simple regressions use # of units produced and the # of machine hours as the independent variables whereas the multiple regression uses both variables. The outputs of these 3 regressions are provided below: Item Simple regressiom Simple regression Multiple regression (units) (machine hours) (both variables) Intercept $3,000 R2 0.89 Coefficient/slope $2.50 $2,600 0.67 $1.82 $3,200 0.92 $1.80 (units) $4.90 (machine hours) State the best cost estimation model to estimate FOH costs? O Y = $3,200 +1.80 (# of units) + 4.90 (# of m/c hours) O Y = $2,600 +1.82 (# of m/c hours) O Y = $3,000 +0.89 (# of units) O Y = $3,200 + 2.5 (# of units) + 1.82 (# of m/c hours)