A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: = 60 - 8x The above equation implies that an
a. increase of $1 in price is associated with a decrease of $8 in sales.
b. increase of $8 in price is associated with a decrease of $52,000 in sales.
c. increase of $1 in price is associated with a decrease of $52 in sales.
d. increase of $1 in price is associated with a decrease of $8000 in sales.
d
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According to Anotole France, the law should apply equally to the rich as well as the poor
Indicate whether the statement is true or false
Lucy Lou Corporation manufactures desserts, breads, pantyhose, meats, and a variety of other products. These products make up Lucy Lou's product
A. line. B. item. C. mix. D. width. E. depth.
The upper limit on the production of goods and services if everything works perfectly is known as practical capacity.
Answer the following statement true (T) or false (F)
Match Point, Inc. has the following overhead standards:Variable overhead: 4 hours at $8 per hourFixed overhead: 4 hours at $10 per hourThe standards were based on a planned activity of 20,000 machine hours when 5,000 units were scheduled for production. Actual data follow.Variable overhead incurred: $167,750Fixed overhead incurred: $210,000Machine hours worked: 19,800Actual units produced: 5,100Match Point's variable-overhead efficiency variance is:
A. $4,800 unfavorable. B. $550 favorable. C. $550 unfavorable. D. $4,800 favorable. E. None of the answers is correct.