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QUESTION 20 Which of the following statements related to assumptions about estimating linear cost functions is TRUE? O Variations in a single cost driver explain

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QUESTION 20 Which of the following statements related to assumptions about estimating linear cost functions is TRUE? O Variations in a single cost driver explain variations in total costs. O A cost object is anything for which a separate measurement of costs is desired. O Alinear function approximates cost behaviour at all ranges of production. ho Correlation refers to the relationship between fixed and variable costs. The graph of total costs does not form a straight line within the relevant range because of variable costs

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