In Which Step of Estimating a Cost Function Using Quantitative

question 36

Multiple Choice

In which step of estimating a cost function using quantitative analysis would a manager estimate a cost function with the high-low method,or regression analysis?

• A)Step 1: Choose the Dependent Variable
• B)Step 2: Identify the Independent Variable,or Cost Driver.
• C)Step 3: Collect Data of the Dependent Variable of the Cost Driver.
• D)Step 4: Plot the Data.
• E)Step 5: Estimate the Cost Driver of the Estimated Cost Function.

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