Select the Appropriate Item for Each of the Definitions Listed

question 235

Multiple Choice

Select the appropriate item for each of the definitions listed below.
-it corresponds to the variable rate

• A)dependent variable
• B)independent variable
• C)intercept
• D)slope

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Definitions:

Actual Costs

Actual costs are the genuine expenditures incurred by a company, as opposed to estimated costs, during a given period for production, services, or other activities.

Reasonableness

A test or criterion to evaluate whether the assumptions or outputs of a financial model or decision are logical and align with real-world expectations.

Standard Costs

Predetermined costs for the production of goods or services, used as benchmarks against which actual costs are compared.

Normal Conditions

Usual or expected conditions under which a company operates, reflecting a standard or average level of activity.