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