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manonvsb manonvsb
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A year ago

Which of the following statements is true?

  1. In a scattergraph of cost and activity, activity is the independent variable because it causes variations in the cost.
  2. A quick look at a scattergraph of cost versus activity can reveal that there is little relation between the cost and the activity or that the relation is something other than a simple straight line. In such cases, least square regression is highly recommended for estimating fixed and variable costs.


▸ Only statement I is true.

▸ Only statement II is true.

▸ Both statements are true.

▸ Neither statement is true.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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casinogurlcasinogurl
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A year ago
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manonvsb Author
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A year ago
Thanks for your help!!
Danivalda
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Ifekwunigwe
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2 hours ago
Just got PERFECT on my quiz
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