Reference no: EM132077543

As machines are used over long periods of time, the output product can get off target. Below is the average value of how much off target (h) a product is getting manufactured as a function of machine use (t). Develop the prediction equation and determine how many hours it takes the machine to produce a product with 2 mm off target. Use multiple prediction methods and comment on the accuracy of the results. A) As machines are used over long periods of time, B) Assume a relationship between a firm's direct labor hours and manufacturing overhead cost are based on the use of direct labor hours as the allocation base for manufacturing overhead. Develop an estimating equation using direct labor hours as the independent variable and manufacturing overhead cost as the dependent variable. Develop the prediction equation and estimate manufacturing overhead cost assuming that 2,100 manufacturing direct labor hours will be needed to meet 20X8 production requirements. Use multiple methods and comment on the accuracy of the results.