Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable...
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Accounting
Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs associated with utility cost incurred by the factory. Data for the past five months were collected.
Utility
Machine
Month
cost
hours
March
$30,255
2,200
April
32,750
2,525
May
34,712
2,710
June
31,850
2,410
July
30,720
2,290
Using a regression program, the forecasted utility cost at 2,300 machine hours (rounded to the nearest dollar) is
a.
$25,945.
b.
$10,631.
c.
$30,940.
d.
$37,116
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