Indicate Whether the Correlations Below Would Most Likely Be Positive

question 18

Short Answer

Indicate whether the correlations below would most likely be positive or negative.
a. Ice cream sales and outside temperature.
b. Number of days without rain and length of grass.
c. Age and agility.
d. Amount of coffee consumed and level of alertness.

---

Definitions:

Traditional Costing Method

A costing system that applies overhead costs to products based on a predetermined overhead rate, without regard to the actual activities that lead to those costs.

Unit Product Cost

The total cost associated with producing a single unit of output, including both variable and fixed costs.

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) associated with producing a single unit of a product.

Traditional Costing Method

A costing methodology that allocates overhead costs based on a single, volume-based cost driver, such as labor hours or machine hours.