Examlex
When direct materials are received on the production floor,they are recorded on the job cost record.
Independent Variable
The variable that is manipulated or changed in an experiment to observe its effect on the dependent variable.
Dependent Variable
A variable in an experiment or model that is expected to change in response to changes in independent variable(s).
Outcome Variable
Another term for dependent variable, which is influenced by changes in the independent variable in an experiment.
Predictor Variable
An independent variable used in statistical models to predict the outcome or value of another variable.
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