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Question - Estimate overhead

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Question - Adriana Corporation manufactures football equipment. Simple regression results from the data of Adriana Corporation are as follows:

Equation: Overhead = $43,505 + ($88.20 × Labor-hours) Statistical data Correlation coefficient.613R2.376

Required - Estimate overhead if the company expects the plant to operate at a monthly average of 3,040 labor-hours next year.

Reference no: EM132656028

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