Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ Company's accountant is estimating next period's total overhead costs (Y). She performed three regression analyses the testis based on direct labor hours (DLH), the

image text in transcribed
XYZ Company's accountant is estimating next period's total overhead costs (Y). She performed three regression analyses the testis based on direct labor hours (DLH), the second is based on machine hours (hr), and the third is based on quantity produced to the results were: [Y=$95,000 + $9xDLH; R-square = 0.85); [Y= $120,000 + $5xMhr; R-square - 0.15. [Y-190,000 20 R- se 0.45 much of the variations on the overhead costs is explained by the machine hours (Mhr? a Select one: a. 45% b. 85%6 c. None of the answers given d. 5596 e 15% Clear my choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Non-Accountants

Authors: David Horner

10th Edition

0749472812, 978-0749472818

More Books

Students also viewed these Accounting questions

Question

=+a) Fit a regression model with just Year as the predictor.

Answered: 1 week ago