Using the following information: CoefficientsIntercept-12.8094Independent variable2.1794ANOVA dfSSMSFRegression112323.5612323.5690.0481Residual81094.842136.8550 Total913418.4 What is the correlation coefficient?
A. 0.9004
B. 0.9583
C. ?0.9583
D. 0.9184
Answer: B
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Indicate whether the statement is true or false
Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $160,000, variable manufacturing overhead of $3.40 per direct labor- hour, and 80,000 direct labor-hours. The company has provided the following data concerning Job A578 which was recently completed: Total direct labor-hours 250Direct materials$715Direct labor cost$9,000 The predetermined overhead rate is closest to:
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