Regression analysis is a technique used to:
A) estimate the step and mixed components of total cost.
B) estimate the fixed and variable components of a mixed cost.
C) estimate the fixed and variable components of a step cost.
D) estimate the fixed and mixed components of step cost.

Question

Quizplus · Accepted Answer

Regression analysis is a statistical tool used to estimate the relationship between two or more variables. In the case of cost accounting, regression analysis can be used to estimate the fixed and variable components of a mixed cost.

Regression Analysis Is a Technique Used To