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Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows: Equation: Overhead = $43, 438 + ($87.50 x

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Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows: Equation: Overhead = $43, 438 + ($87.50 x Labor-hours) Statistical data Correlation coefficient R2 .609 .371 Required: Estimate overhead if the company expects the plant to operate at a monthly average of 3,110 labor-hours next year. Overhead costs

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