Regression analysis in cost accounting is primarily used to _______? Regression analysis in cost accounting is primarily usedto?a. Record transactionsb. Calculate taxesc. Predict cost behaviourd. Prepare financial statements

Concept of Regression Analysis:Regression analysis is a statistical technique used to understand the…

Answered: Regression analysis in cost accounting…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.

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Similar questions

Regression analysis in cost accounting is primarily used to____? a. Record transactions b. Calculate taxes c. Predict cost behaviour d. Prepare financial statements MCQ
Current Cost Concept - Measurement of Elements Why is Accounts Payable one of the elements that is normally presented at current cost? Please explain.
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Accumulating costs means that a. costs must be summed and entered on the income statement. b. each cost must be linked to some cost object. c. costs must be measured and tracked. d. costs must be allocated to units of production. e. costs have expired and must be transferred from the balance sheet to the income statement.
A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called_______. A. return on investment B. residual income C. a profit center D. a discretionary cost center
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_____Identifying the relationship between the activity and the costs is a key step in which of the following cost estimation methods? a) Scattergraph. b) High-low method. c) Linear regression. d) Account analysis.

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Regression analysis in cost accounting is primarily used to ? a. Record transactions b. Calculate taxes c. Predict cost behaviour d. Prepare financial statements