Multiple Choice
Which of the following statements is false regarding regression analysis?
A) It is used to predict the fixed and variable components of a mixed cost.
B) It is used to predict whether a cost is a product or a period cost.
C) It is usually more accurate than the high/low method.
D) It uses statistical methods to fit a cost line through a number of data points.
Correct Answer:
Verified
Correct Answer:
Verified
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