Heinrich corporation incurred fixed manufacturing costs of $6,000 during 20x4. other information for 20x4 includes: the budgeted denominator level is 1,000 units. units produced total 750 units. units sold total 600 units. beginning inventory was zero. the company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. manufacturing variances are closed to cost of goods sold. fixed manufacturing costs expensed on the income statement (excluding adjustments for variances) totala. $3,600.b. $4,800.c. $6,000.d. zero.

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Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct