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What is the expected production cost for a month

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Reference no: EM133132385

Question - Norm Inc manufactured and sold 48,000 units of its Macz product in FY2021. A regression analysis of the monthly production costs for that year resulted in the following estimates (assume all reported coefficients are statistically significant):

Variable Coefficient

Intercept 4,100

Labor Hours Used 40.5

# of Inspections 214

What is the expected production cost for a month where there are 2100 labor hours used and 300 inspections performed? Round your solution to the nearest $1.00.

Reference no: EM133132385

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