Which of the Following Methods of Determining Cost Behavior Uses

question 41

Multiple Choice

Which of the following methods of determining cost behavior uses average account values and average driver values to calculate fixed costs and variable rates?

• A)The industrial value costing method
• B)The account analysis method
• C)The learning average curve model
• D)The confidence interval driver model

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Definitions:

Population Means

Refers to the average values of a variable across the entire population.

Single-factor ANOVA

Single-factor ANOVA is a statistical method used to compare means of three or more samples using variance to determine if there are statistically significant differences among the groups.

Test Statistic

A measure calculated from sample data to conduct a hypothesis test.

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution without violating any constraints.