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

Extracted text: Cost accountants often estimate overhead based on the level of production. At the XYZ 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 available as given in the table below. a) b) Develop the regression equation for the cost accountants using Least Square Method. Predict overhead when 50 units are produced. Overhead Units 159 72 138 74 240 85 123 67 248 88 141 71 458 80 116 62 153 69 178 72