A Cost Accountant Is Developing a Regression Model to Predict

question 37

Multiple Choice

A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a function of batch size (the number of boards produced in one lot or batch) .The explanatory variable is ___.

• A)batch size
• B)unit variable cost
• C)fixed cost
• D)total cost
• E)total variable cost

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Definitions:

Tracing Dependents

A feature in spreadsheet software that allows users to see which cells depend on the value of the currently selected cell.

Formula Error

Occurs when a formula in a software application, like a spreadsheet, is incorrectly written or references invalid data, resulting in incorrect or unexpected outcomes.

Named Ranges

In spreadsheet applications, a feature that allows users to assign a memorable name to a particular range of cells for easier reference.

Formula Errors

Refers to mistakes or issues within computational expressions in spreadsheet software, causing incorrect results or failures.