Reviewing cost behaviour patterns over time from the accounting records and using that review to predict future costs best describes:
A) Regression analysis
B) Scatter plots
C) Analysis at the account level
D) Two-point methods

Question

Quizplus · Accepted Answer

Analysis at the account level involves reviewing historical accounting records to understand how costs have behaved over time, and using that understanding to predict future costs. This method directly examines the expenses recorded in the accounts to identify patterns or trends.

Reviewing Cost Behaviour Patterns Over Time from the Accounting Records