Blaster, inc. recently conducted a least-squares regression analysis to predict selling expenses. the company has constructed the following regression equation: y = 329,000 + 7.80x. which of the following statements is false if the primary cost driver is number of units sold? the company anticipates $329,000 of fixed selling expenses.
"y" represents total selling expenses.
the company expects both variable and fixed selling expenses.
for each unit sold, total selling expenses will increase by $7.80.
"x" represents the number of hours worked during the period.