How much is the variable cost per hour

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Problem

For budgeting and controlling purposes, these data for the past 12 months of operations were presented to the controller of ABC Co.: Sum of direct labor hours 840 Sum of mixed costs squared 50,800 Sum of the mixed costs ?9,000 Sum of direct labor hours squared 63,800 Sum of the hours x costs 655,000. Get the instant assignment help. Using least squares method, how much is the variable cost per hour?

Reference no: EM133920806

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