Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as...

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Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as...

Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows:


Equation:
Overhead = $43,599 + ($87.90 × Labor-hours)
Statistical data
Correlation coefficient	.613
R²	.376

Required:

Estimate overhead if the company expects the plant to operate at a monthly average of 3,190 labor-hours next year.

Overhead Costs?

business accounting

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Answer 1

Answer #1

Answer : $ 324,000

Overhead cost = $43,599+( 87.90* Labor Hours)

Labor hours = 3,190

Overhead cost = $43,599 +($87.90*3190) = $ 324,000 (Answer)

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Answer 2

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