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Business
Operations Management
Multiple Choice O $1.16 per machine-hour plus $30,573 per month $0.79 per machine-hour plus $32,139 per month O $0.89 per machine-hour plus $31,164 per month O 14.91 per machine-hour plus $34,103 per month

Multiple Choice O $1.16 per machine-hour plus $30,573 per month $0.79 per machine-hour plus $32,139 per month O $0.89 per machine-hour plus $31,164 per month O 14.91 per machine-hour plus $34,103 per month

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Multiple Choice O O о $1.16 per machine-hour plus $30,573 per month $0.79 per machine-hour plus $32,139 per month $0.89 per machine-hour plus $31,164 per month 14.91 per machine-hour plus $34,103 per month
Transcribed Image Text:Multiple Choice O O о $1.16 per machine-hour plus $30,573 per month $0.79 per machine-hour plus $32,139 per month $0.89 per machine-hour plus $31,164 per month 14.91 per machine-hour plus $34,103 per month
The management of Hamano Corporation would like for you to analyze their repair costs, which are listed below: April May June July August September October November Machine- Hours 2,156 2,185 2,142 2,230 2,127 2,246 2,153 2,241 Repair Costs $33,110 $33,128 $33,105 $33,128 $33,038 $33,192 $33,079 $33,165 Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
Transcribed Image Text:The management of Hamano Corporation would like for you to analyze their repair costs, which are listed below: April May June July August September October November Machine- Hours 2,156 2,185 2,142 2,230 2,127 2,246 2,153 2,241 Repair Costs $33,110 $33,128 $33,105 $33,128 $33,038 $33,192 $33,079 $33,165 Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
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