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Help Required information The following information applies to the questions displayed below] The controller of Chittenango Chain Company believes thet the identification of the variable and fixed compon firms costs will enable the firm to concerned about is the behavior of Indirect-materials cost. She belleves there is a correlation between machine hours and the amount of indirect materials used. make better planning and control decisions. Among the costs the controller is 5 A member of the controllers staff has suggested that least-squares regression be used to determine the cost behavior of indirect materials. The regression equation shown below was developed from 40 pairs of observations S $200+$9H where S Total monthly cost of indirect materials H: Machine hours per month ok Required: 1. Choose the correct statement(s) that explain the meaning of 200 and 9 in the regression equation S- $200-$9H.(You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ences D The regression equations intercept on the vertical axis is $200 The slope of the regression line is $9 per machine hour 17 The regression equations intercept on the vertical axis is so per machine hour 7 The slope of the regression line is $200. Z None of the above 12 14./ of 14 lli Next > < Prev 10 11
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