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(A)Summarize the findings of the stepwise regression method using this cutoff value.
(B)When the cutoff value was increased to 0.10,the output below was the result.The table at top left represents the change when the disposable income variable is added to the model and the table at top right represents the average price variable being added.The regression model with both added variables is shown in the bottom table.Summarize the results for this model.
(C)Which model would you recommend using? Why?
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to related products and services based on their usage of resources.
Direct Labor-Hours
The total hours worked directly on the manufacturing of goods.
Direct Labor Rate
The average cost paid per hour of direct labor, typically used in calculating the direct labor costs of producing goods or services.
Activity-Based Costing
An accounting method that assigns costs to products or services based on the activities they require, aiming to more accurately reflect the resources consumed.
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