What Does an Error in the Regression Mean

question 4

Multiple Choice

What does an error in the regression mean?

• A)The data points all fall in a vertical line.
• B)Y cannot be predicted perfectly.
• C)There have been errors in the data entry.
• D)The data points all fall in a horizontal line.

Understand how to calculate variable overhead rate variances.

Interpret the relationship between actual and standard variable overhead costs.

Understand how to calculate materials price and quantity variances.

Understand and calculate the total variable overhead spending variance.