Place the Following Steps in Order for Estimating a Cost

question 107

Multiple Choice

Place the following steps in order for estimating a cost function using quantitative analysis.
A = Plot the data
B = Collect data on the dependent variable and the cost driver.
C = Choose the dependent variable
D = Identify the independent variable, or cost driver
E = Estimate the cost function

• A) D C E A B
• B) C D B A E
• C) A D C E B
• D) E D C B A

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Definitions:

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