If an unexplained variation is 255050 and the total variation is 550505, then coefficient of determination will be ___________?
Correct answer: D. 0.5367
- A. 0.5063
- B. 0.4633
- C. 2.16
- D. 0.5367
Explanation
The coefficient of determination is 1 minus the unexplained proportion: 1 − (255050 ÷ 550505) = 0.5367. It represents the proportion of total variation explained by the model.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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