The managerial accountant at Organic Beverage Factory used spreadsheet software to run a regression analysis scenario and compile the following monthly cost data: Organic Beverage Factory Intercept coefficient X Variable 1 Coefficient $4,286,652 $28.21 R-square 0.6521 Which of the following is the correct cost equation showing the correlation of monthly costs, based on the results of the regression analysis compiled by the managerial accountant? O A. y $4,286,652 $28.21 O B. y $0.6521 $28.21x O C. y $28.21x + $4,286,652 O D. y 0.6521x + $4,286,652
The managerial accountant at Organic Beverage Factory used spreadsheet software to run a regression analysis scenario and compile the following monthly cost data: Organic Beverage Factory Intercept coefficient X Variable 1 Coefficient $4,286,652 $28.21 R-square 0.6521 Which of the following is the correct cost equation showing the correlation of monthly costs, based on the results of the regression analysis compiled by the managerial accountant? O A. y $4,286,652 $28.21 O B. y $0.6521 $28.21x O C. y $28.21x + $4,286,652 O D. y 0.6521x + $4,286,652
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 24BEA: Variable-Costing Income Statement Refer to the data for Osterman Company on the previous page....
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![The managerial accountant at Organic Beverage Factory used spreadsheet software to run a regression analysis scenario and compile the following monthly cost data:
Organic Beverage Factory
Intercept coefficient
X Variable 1 Coefficient
$4,286,652
$28.21
R-square
0.6521
Which of the following is the correct cost equation showing the correlation of monthly costs, based on the results of the regression analysis compiled by the managerial accountant?
O A. y $4,286,652 $28.21
O B. y $0.6521 $28.21x
O C. y $28.21x + $4,286,652
O D. y
0.6521x + $4,286,652](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcfd788e1-0b6f-4701-8dc5-cb11e28df5f3%2F5c92a703-1de2-45e3-90aa-711843d806d7%2Fpebohrk.png&w=3840&q=75)
Transcribed Image Text:The managerial accountant at Organic Beverage Factory used spreadsheet software to run a regression analysis scenario and compile the following monthly cost data:
Organic Beverage Factory
Intercept coefficient
X Variable 1 Coefficient
$4,286,652
$28.21
R-square
0.6521
Which of the following is the correct cost equation showing the correlation of monthly costs, based on the results of the regression analysis compiled by the managerial accountant?
O A. y $4,286,652 $28.21
O B. y $0.6521 $28.21x
O C. y $28.21x + $4,286,652
O D. y
0.6521x + $4,286,652
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