Asked by Mandrell Little on Jul 06, 2024
Verified
What is Casablanca's independent variable?
A) the year
B) the machine hours
C) the total overhead cost
D) the relevant range
Independent Variable
A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable.
Overhead Cost
Indirect costs not directly tied to production but necessary for running business operations, such as rent, utilities, and administrative expenses.
- Interpret the cost behavior of different types of costs in response to changes in activity levels.
Verified Answer
HA
Hajjami AbderrahmaneJul 12, 2024
Final Answer :
B
Explanation :
The independent variable is the measure of activity which is machine-hours in this case.
Reference: APP06A-Ref12
(Appendix 6A)Hiss Corporation's activity for the last six months is as follows:
Reference: APP06A-Ref12
(Appendix 6A)Hiss Corporation's activity for the last six months is as follows:
Learning Objectives
- Interpret the cost behavior of different types of costs in response to changes in activity levels.