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Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression
Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) (Click the icon to view the portion of the regression analysis.) What is the variable cost per unit ( answers are rounded)? Data Table O B. $05 OC. S721 O D. $2946 SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Emror Observations 0.991108748 0 982296551 0.977870689 67.58593536 df MS Significance F Regression1013811 899 1013811890 221.04467350.00011823 Residual Total 4 18271 43463 4567 858659 1032083 333 Coefficients Standard Error 2945.94652 194.105844 15.17701095 0.000109885 2407.022299 t Stat P-value Lower 95% Intercept X Variable 1 0 718590832 0.04823467 14 89780767 0.00011823 0 584669919 Click to select Print Done
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