Adriana Corporation manufactures football equipment. Multiple regression results from the data of… 1 answer below »

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Adriana Corporation manufactures football equipment. Multiple regression results from the data of Adriana Corporation are as follows:
Equation: Overhead = $124,570 + ($31.93 × Labor-hours) + ($41.10 × Machine-hours) Statistical data Correlation coefficient.982 R2.964
Required:

Estimate overhead using the multiple regression results, assuming that the company expects the plant to operate at a monthly average of 9,000 machine-hours and 3,000 labor-hours next year.