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The management of Ferry Corporation would like you to analyze their repair costs, which are listed below: Management believes that repair cost is a mixed
The management of Ferry Corporation would like you to analyze their repair costs, which are listed below: Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to: (Round the answers to two decimal places.) $1.08 per machine-hour plus $30, 761 per month $.81 per machine-hour plus $31, 736 per month $15.10 per machine-hour plus $33, 700 per month $1.35 per machine-hour plus $30.170 per month
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