35000300002500020000150001000050000O $22.660.62O $1,626.70O $1,633.27$21.033.92500Total Lab Costsy = 6.5731x + 1626.7R² = 0.93571000 1500 2000What would total estimated lab costs be if 3,200 lab test were performed?25003000 350040004500

Direct material means the raw material directly used in production process. Direct labor cost means…

35000 30000 25000 20000 15000 10000 5000 0 0 O $22.660.62 O $1,626.70 D$1,633.27 O $21.033.92 Total Lab Costs y = 6.5731x + 1626.7 R² = 0.9357 500 1000 1500 2000 2500 What would total estimated lab costs be if 3,200 lab test were performed? 3000 3500 4000 4500

35000 30000 25000 20000 15000 10000 5000 0 0 O $22.660.62 O $1,626.70 D$1,633.27 O $21.033.92 Total Lab Costs y = 6.5731x + 1626.7 R² = 0.9357 500 1000 1500 2000 2500 What would total estimated lab costs be if 3,200 lab test were performed? 3000 3500 4000 4500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

35000
30000
25000
20000
15000
10000
5000
0
O $22.660.62
O $1,626.70
O $1,633.27
$21.033.92
500
Total Lab Costs
y = 6.5731x + 1626.7
R² = 0.9357
1000 1500 2000
What would total estimated lab costs be if 3,200 lab test were performed?
2500
3000 3500
4000
4500

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