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These are among the methods of segregating fixed cost and variable costs except: Simple regression analysis Scattergraph Breakeven method High-low method All of the following
- These are among the methods of segregating fixed cost and variable costs except:
- Simple regression analysis
- Scattergraph
- Breakeven method
- High-low method
- All of the following are assumptions underlying the validity of linear regression output except
- The errors are normally distributed and their mean is zero.
- Certainty.
- The variance of the errors is constant.
- The independent variables are not correlated with each other. (cma)
- In determining cost behavior in business, the cost function is often expressed as
Y = a + bx. Which one of the following cost estimation methods should not be used in estimating fixed and variable costs for the equation?
- Graphic method.
- High-and-low point method.
- Simple regression
- Multiple regressions. cma)
- Simple regression analysis involves the use of
Dependent variables Independent variables
a. One None
b. One One
c. One Two
d. None Two (cma/aicpa)
- Regression analysis
- Estimates the independent cost variable.
- Uses probability assumptions to determine total project costs.
- Estimated the dependent cost variable.
- Ignores the coefficient of determination.
- Encompasses factors outside the relevant range. (cma)
Explain per item number the correct answers i have given in multiple choice!
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