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Relationship between repair costs and machine

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The cost-volume formula showing the relationship between repair costs y and machine hours x came out as follows: y'= $500 + $OSOx, where y'= estimated repair costs. Identify the amount or the symbol that represents each of the following:

(a) the dependent variable,

(b) the independent variable,

(c) the slope of the regression line,

(d ) the fixed portion of repair costs,

(e) the variable portion of repair costs per machine hour, and (f)the estimated repair cost if the planned machine hours used are 1,000 hours.

Reference no: EM13511690

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