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In a multiple regression analysis, the following correlation matrix was computed. Which independent variables are highly correlated with the dependent variable?
Ending Direct Materials
The value of materials available for use at the end of an accounting period after accounting for all usage and purchases.
Direct Materials Purchases
The acquisition of raw materials used directly in the manufacturing of products, considered part of the inventory costs.
Materials Required
The raw materials and components needed for the production of goods.
Financial Budgets
Prospective financial statements that project the revenues, expenses, and cash flows of a business for a future period.
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