Match each of the following lettered terms on the left with the appropriate numbered definition on the
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Match each of the following lettered terms on the left with the appropriate numbered definition on the right.
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a. Coefficient of correlation b. Coefficient of determination c. Dependent variable (example) d. High-Low method e. Independent variable (example) f. Regression analysis g. Scattergraph method h. Standard error of the estimate 1. Used to make probability statements about cost predictions 2. Determines cost behavior based on high and low activity levels 3. Measure of the variation in the dependent variable caused by changes in the independent variable(s) 4. Electricity costs 5. Method that requires the plotting of cost activ- ity observations on a graph 6. Machine hours 7. Used to compute the relationship between a de- pendent variable and one or more independent variables 8. Measure of the relationship between a depen- dent variable and an independent variable
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Related Book For
Cost Accounting For Managerial Planning Decision Making And Control
ISBN: 9781516551705
6th Edition
Authors: Woody Liao, Andrew Schiff, Stacy Kline
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