The following excerpts from four regression analysis reports describe the relationship between a major operating...
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Accounting
The following excerpts from four regression analysis reports describe the relationship between a major operating cost and four cost drivers for Tory Corp.
Regression Statistics
Regression Statistics
R-Sq.
0.228
R-Sq.
0.337
Std. Error
36.627
Std. Error
25.519
Observations
12
Observations
12
Coefficients
Coefficients
Intercept
1537.416
Intercept
1926.908
Labor Hrs
80.576
Machine Hrs
69.123
Regression Statistics
Regression Statistics
R-Sq.
0.665
R-Sq.
0.774
Std. Error
42.407
Std. Error
30.353
Observations
12
Observations
12
Coefficients
Coefficients
Intercept
1323.323
Intercept
1700.657
Kilowatt Hrs
46.822
Customer Visits
23.409
. Which cost driver is the best predictor of the operating cost?
Labor hours
Machine hours
Kilowatt hours
Customer visits
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