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Identify the situation where you would use simple aggression analysis? 1..labor classification analysis 2. direct cost...

Identify the situation where you would use simple aggression analysis?

1..labor classification analysis

2. direct cost analysis

3. profit objective

or 4. facilitate capital cost of money

Business   Accounting   
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Homework Answers

Answer #1

The correct answer is option 2

Explanation:- The simple regression analysis makes use of linear equation to estimate the total cost when the total cost is dependent on some other cost variable such as the direct cost of material , direct cost of labor etc. The total cost is made up of fixed cost which remains unchanged and variable cost which varies accordign to the number of units used. Thus simple reggression analysis is extensively used in direct cost analysis.

The linear equation is given as

y = a + bx

where y = dependent variable ( total cost)

x = independent variable ( unit variable cost)

a = intercept

b = slope

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