07 29 Q3 Cost accountants often estimate overhead based on the level of production. At the XYZ 30 Company, they have collected information on overhead expenses and units produced at different plants...

Extracted text: 07 29 Q3 Cost accountants often estimate overhead based on the level of production. At the XYZ 30 Company, they have collected information on overhead expenses and units produced at different plants and want to estimate a regression equation to predict future overhead. The data is 31 32 available as given in the table below. 33 Develop the regression equation for the cost accountants using Least Square Method. Predict overhead when 50 units are produced. 34 а) 35 b) 36 37 Overhead Units 38 118 113 39 97 115 40 199 126 41 82 108 42 207 129 43 100 112 44 453 121 45 116 103 46 153 110 47 178 113