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chapter%2033 - Accounting2102 Farmer Chapter3Practice 1....

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Accounting 2102 Farmer Chapter 3 Practice 1. Breakin’ a Sweat, Inc., a manufacturer of elliptical machines, has compiled data related to factory maintenance costs for the past six months. The maintenance cost and related machine hours were entered in Microsoft Excel. Given the following regression analysis output, which of the following statements is FALSE ? (assume a relevant range of 0- 15,000 machine hours) a. If plotted on a graph, the collected data points would lie near the line created with the above regression analysis output. b. If machines hours are zero in a given month, estimated factory maintenance costs would equal $4,000. c. Multiplying 0.800 by the number of anticipated machine hours would yield an estimate of total variable factory maintenance costs for that activity level. d. An estimate of factory maintenance costs at an activity level of 8,000 machine hours is $11,600. e.
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This note was uploaded on 09/07/2011 for the course ACCT 2102 taught by Professor Farmer during the Spring '08 term at UGA.

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chapter%2033 - Accounting2102 Farmer Chapter3Practice 1....

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