CH10 b - D. QUANTITATIVE ANALYSIS: REGRESSION ANALYSIS AND...

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ACCT 347 LECTURE NOTE, CHAPTERS #10 DETERMINING HOW COSTS BEHAVE (P.336 – 351) I. GENERAL APPROACH TO ESTIMATING COST FUNCTIONS A. BASIC TERMS AND ASSUMPTIONS 1. COST ESTIMATION AND COST PREDICTION 2. ______ COST FUNCTION AND RELEVANT RANGE E(Y) = a + bX 3. SINGLE COST DRIVER II. COST ESTIMATION APPROACHES A. INDUSTRIAL ENGINEERING METHOD B. CONFERENCE METHOD C. ACCOUNT ANALYSIS METHOD
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Unformatted text preview: D. QUANTITATIVE ANALYSIS: REGRESSION ANALYSIS AND HIGH-LOW METHOD III. STEPS IN ESTIMATING A COST FUNCTION (p.344) (EX 10-3) A. Choose _________ Variable(s) B. Choose Cost ______ C. Collect Data on Variables D. Plot the Data: _______ Diagram E. Estimate Cost Function F. Evaluate the Estimated Cost Function...
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This note was uploaded on 02/23/2010 for the course ACCT 42312 taught by Professor Huh during the Fall '09 term at CSU San Bernardino.

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