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    Managerial Accounting Study Set 23
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    Exam 5: Cost-Volume-Profit Relationships
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    The R <Sup>2</sup> (I
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The R 2 (I

Question 218

Question 218

True/False

The R 2 (i.e., R-squared) tells us the percentage of the variation in the dependent variable (cost) that is explained by variation in the independent variable (activity).

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