Vanco Industries wanted to determine the relationship between its ...

[ec501234]

Vanco Industries 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.)




At Vanco Industries what is the variable cost per machine hour (rounded to the nearest cent)?
◦ $0.90
◦ $143.98
◦ $0.98
◦ $2,413.21

[jharrington11]

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[nevelica]

Vanco Industries 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.)




At Vanco Industries what is the fixed cost (round to nearest cent)?
◦ $0.98
◦ $2,413.21
◦ $143.98
◦ $0.90

[Ksanderson1296]

$2,413.21

[wrbasek0]

Vanco Industries 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.)




At Vanco Industries what is the cost equation based upon the results of the regression analysis?
◦ y = $0.90x
◦ y = $2,413.21x + $0.90
◦ y = $2,413.21 + $0.90x
◦ y = $0.90 + $2,413.21

[dawsa925]

y = $2,413.21 + $0.90x

[Awilson837]

Vanco Industries 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.)




At Vanco Industries what is closest to the total cost if the firm uses 4,000 machine hours?
◦ $3,589.15
◦ $2,413.21
◦ $9,652,855.04
◦ $6,002.36

[bimper21]

$6,002.36

[ap345]

Vanco Industries 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.)




At Vanco Industries what is closest to the total cost if the firm uses 5,000 machine hours?
◦ $12,066,068.80
◦ $6,899.65
◦ $4,486.43
◦ $2,413.21

[dantucker]

$6,899.65