Metro Inc. uses a standard cost accounting system to compute…

Metro Inc. uses a standard cost accounting system to compute the cost of its inventory and allocates manufacturing overhead based on machine hours. The machine hour standard is 1.5 hours per unit of finished goods. Here are data regarding Metro’s production activity for the current year: What is the total amount of manufacturing overhead costs, variable and fixed, that Metro applies to its work-in-process inventory for the current year?

As part of a study at a large university, data were collecte…

As part of a study at a large university, data were collected on n = 224 freshmen computer science (CS) majors in a particular year. The researchers were interested in modeling y, a student’s grade point average (GPA) after three semesters, as a function of the following independent variables (recorded at the time the students enrolled in the university):          = average high school grade in mathematics (HSM)        = average high school grade in science (HSS)        = average high school grade in English (HSE)        = SAT mathematics score (SATM)        = SAT verbal score (SATV)   A first-order model was fit to data with R2 = 0.211.   What is the correct interpretation of , the coefficient of determination for the model?