The cost accountants at the Barkley Company regressed total overhead costs and direct labor hours for...
The cost accountants at the Barkley Company regressed total
overhead costs and direct labor hours for the past 30-months and
reported the following results:
| Slope | $ | 41.97 | |
| Intercept | $ | 614.00 | |
| Correlation Coefficient | .962 | ||
What is the estimated overhead cost if 215 direct labor hours are
expected to be used in the upcoming period? (rounded to the nearest
whole dollar)
$9,024.
$8,386.
$9,994.
$9,638.
Homework Answers
|
Estimated overhead cost = (Slope*215) + intercept = (41.97*215) + 614 = 9638 Option D is the answer |
|
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The cost accountants at the Barkley Company regressed total
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