In Which Step of Estimating a Cost Function Using Quantitative

Multiple Choice

In which step of estimating a cost function using quantitative analysis would a manager estimate a cost function with the high-low method,or regression analysis?

A) Step 1: Choose the Dependent Variable
B) Step 2: Identify the Independent Variable,or Cost Driver.
C) Step 3: Collect Data of the Dependent Variable of the Cost Driver.
D) Step 4: Plot the Data.
E) Step 5: Estimate the Cost Driver of the Estimated Cost Function.