The factor used to predict the dependent variable is named as ___________?
Correct answer: D. independent variable
- A. estimation variable
- B. function variable
- C. evaluation variable
- D. independent variable
Explanation
The independent variable is the predictor, while the dependent variable is the outcome being predicted. For example, production hours may predict electricity cost.
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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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More Cost Accounting questions
An estimation of relationship between one independent variable and the dependent variable is known as ___________?
The second step for estimation of cost function by using quantitative analysis is to ___________?
An estimation of relationship between two or more independent variables and the dependent variables are classified as ____________?
An amount by which the total cost changes with respect to the change in level of activity is classified as ____________?
In adjustment issues of costing, the database must contain reliable measure of __________?
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