GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 28

Brief and limited.
Exhaustive.
Concrete.
Consistent and accurate.
Varied.
Question 3. Question : The independent variable in
regression analysis is:
Student Answer:
The cost to be estimated.
The cost driver used to estimate the value of the dependent
variable.
Hard to define because of its independence.
Usually expressed as a range of values.
Always a volume-based cost driver.
UNIT 3 QUIZ
Question 4. Question : A range around the regression line
within which the management
accountant can rely that the actual value of the predicted
cost will
fall is referred to as: