Accounting / Stats Hi, Please help me answer the first and second blanks in ques

Question

Accounting / Stats

Hi, Please help me answer the first and second blanks in question #3. All other bolded answers are correct. Thanks!

Required:

1. Write out the cost equation for Sweet Dreams’ monthly overhead cost.

Y = $1980  + $2.56 x1 + $67.40 x2 + $2.20  x3

2. Suppose that next month Sweet Dreams expects to have 550 direct labor hours, 35 wedding cakes, and 20 gift baskets. What is the expected overhead?
$ 5791

3. Calculate a 95 percent confidence interval for the prediction made in Requirement 2. (Refer to Exhibit 3-14). (Round to the nearest dollar.)

This below table may be helpful? I'm not sure whats its for, but it was provided.

Explanation / Answer

Answer

First Blank = (5791-2.07*65) = 5656.45

Second Blank = (5791+2.07*65)=5925.55

@.07 is the t table value at 23 df and 5% los

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