Question

Observation Month Known X Known Y Overhead Cost Production Units $250,000.00 34000 $184,000.00 26000 $165,000.00 21000 $178,0

SUMMARY OUTPUT Regression Statistics Multiple R 0.934936081 R Square 0.874105475 Adjusted R Square 0.861516023 Standard Error

Determine whether the High-Low method or Regression Analysis is better to predict monthly overhead costs. Explain which model is the better? Why or why not?

Use absolute cell address in y = a + bX formula (Use absolute August X Value) to predict January and December overhead costs. Do you think these predicted overhead costs are reasonable?

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