he following computer printout was generated, using regression, for use in estimating maintenance costs.   Intercept 8300   X Variable 1 37   Multiple R 0.9500   R Square 0.9025   Activity variable machine hours   An estimate of maintenance costs at an activity level of 100 machine hours would be:

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following computer printout was generated, using regression, for use in estimating maintenance costs.

 

Intercept

8300

 

X Variable 1

37

 

Multiple R

0.9500

 

R Square

0.9025

 

Activity variable

machine hours

 

An estimate of maintenance costs at an activity level of 100 machine hours would be:

 

 

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