The College of Business at Northeast College is accumulating data as a first step in the...

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The College of Business at Northeast College is accumulating data as a first step in the preparation of next years budget de

SUORY OUTPUT Regression Statistics Multiple R 0.9169697 R Square 0.840833374 Adjusted R Square 0.826363681 Standard Error 22.

lased on the results of the regression analysis, the estimate of administrative costs in a month with 1000 credit hours would

business accounting

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Answer 1

Answer #1

Fixed cost = Coefficients Intercept = 39108 (Rounded off)

Variable cost per hour = Coefficients X Variable 1 = 109.65 (Rounded off)

Estimate of Administrative costs for 1000 credit hours = 39108+(1000*109.65) = $148,758

Option C $148,758 is correct

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Answer 2

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