Develop a trendline to identify the relationship between billable hours and overhead costs.
The managing director of a consulting group has the following monthly data on total overhead costs and professional labor hours to bill to clients: OverheadCosts BillableHours $365,000 3,000 $400,000 4,000 $430,000 5,000 $477,000 6,000 $560,000 7,000 $587,000 8,000 a) Develop a trendline to identify the relationship between billable hours and overhead costs. b) Interpret the … Read more