You are given the following information about y and x.
Dependent Variable (y)
Independent Variable (x)
6
4
8
6
10
2
12
4
?
The coefficient of determination equals
A. .5.
B. -.5.
C. .25.
D. -.25.
Answer: C
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Sullen Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year.?Predetermined overhead rate$14.30 per machine-hour?Estimated total fixed manufacturing overhead from the beginning of the year$572,000??Estimated activity level from the beginning of the year40,000 machine-hours?Actual total fixed manufacturing overhead$605,000??Actual activity level36,700 machine-hoursRequired:Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.
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