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: Student Answer:
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