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Problem - Using the regression function in MS Excel, obtain an ANOVA output that gives a cost function.
Month
Total Overhead Costs
Labor Hours
March
$50,000
2,000
April
70,000
3,000
May
55,000
1,500
June
65,000
3,500
July
1,000
August
September
45,000
October
80,000
4,000
November
2,500
December
60,000
Required -
How much will the total overhead costs increase for every additional labor hour?
If there are no labor hours, what will the total overhead costs be?
What is the fixed cost?
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Discussion Board consisting of 400-500 words describing your initial impression of accounting and intellipath
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