Business, 14.06.2020 00:57 vmosley8648
The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and reported the following results: Slope = $ 41.27 Intercept = $ 596.36 Correlation coefficient = .934 What is the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period? (rounded to the nearest whole dollar)
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