Business, 06.03.2020 19:03 rodneydean4515
A company want to find out if there is a linear relationship between indirect labor expense (ILE), in dollars, and direct labor hours (DLH). Data for direct labor hours and indirect labor expense for 25 months are given.
DLH(X) - ILE(Y)20 - 36125 - 40022 - 37623 - 38420 - 36119 - 36024 - 427.228 - 458.426 - 450.829 - 475.227 - 462.625 - 44528 - 51132 - 550.835 - 587.834 - 574.130 - 535.436 - 591.5
Treating ILE as the response variable, use regression to fit a straight line to all 18 data points.
Approximately what percentage of the variation in indirect labor expenses is explained by the regression model you derived?
Place your answer, rounded to 1 decimal place, in the blank. Do not use any stray punctuation marks or a percentage sign. For example, 78.9 would be a legitimate entry.
Answers: 1
Another question on Business
Business, 21.06.2019 19:30
Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $
Answers: 3
Business, 22.06.2019 19:30
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
Business, 22.06.2019 19:50
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.
Answers: 2
Business, 22.06.2019 22:00
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
Answers: 2
You know the right answer?
A company want to find out if there is a linear relationship between indirect labor expense (ILE), i...
Questions
Chemistry, 31.07.2019 20:00
History, 31.07.2019 20:00
Chemistry, 31.07.2019 20:00
Mathematics, 31.07.2019 20:00
History, 31.07.2019 20:00
Geography, 31.07.2019 20:00
