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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Regis Corporation wants to know how closely its current cost driver is correlated with its monthly operating costs. The managerial accountant runs a regression analysis using a statistical software program and produces the following data:

Intercept Coefficient = 12,200,567
X Variable 1 Coefficient = 95.65
R-square = 0.8574

What is the Regis Corporation's monthly cost equation?
A) y = $0.8574x + $12,200,567
B) y = $95.65x + $12,200,567
C) y = $12,200,567x + $8,574
D) y = $95.65x + $8,574
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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#1
8 years ago
B
laalaalan
bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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