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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)? O A. $2,946 O B. $.98 OC. $.05 OD. $.72 Data Table SUMMARY OUTPUT Regression Statistics Multiple R 0.991108748 R Square 0.982296551 Adjusted R Square 0.977870689 Standard Error 67.58593536 Observations ANOVA Significance F 0.00011823 Regression Residual Total SS MS 1013811.8991013811.899 221.9446735 18271.43463 4567.858659 1032083.333 Intercept X Variable 1 Coefficients 2945.94652 0.718590832 Standard Error 1 94.105844 0.04823467 t Stat P-value 15.17701095 0.000109885 14.89780767 0.00011823 Lower 95% 2407.022299 0.584669919 Print Done Click to coloct your an
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