# Question

Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.

a. The manager’s judgment is used to determine the cost behaviour of various accounts when using the ____________ method of cost estimation.

b. _______ are always shown on the y-axis in cost equations graphs.

c. The _______ should not be used to predict total costs at various volumes unless it is strictly a/an _______.

d. As volume increases, _______ and _______ increase in total.

e. _______ are the result of previous management decisions and are not usually controlable in the short run.

f. _______ remain constant in total over a wide range of volume.

g. _______ remain constant in total over small ranges of activity.

h. Graphs of _______ always begin at the origin.

i. One of the disadvantages of the _______ is that it uses only two historical data points to determine the cost line and cost equation.

j. The “goodness-of-fit” statistic is also known as the ____________.

k. _______ remain constant on a per unit basis.

l. All historical data points provided are used when performing a _______ to determine the cost equation.

m. As volume decreases, _______ and _______ increase on a per unit basis.

a. The manager’s judgment is used to determine the cost behaviour of various accounts when using the ____________ method of cost estimation.

b. _______ are always shown on the y-axis in cost equations graphs.

c. The _______ should not be used to predict total costs at various volumes unless it is strictly a/an _______.

d. As volume increases, _______ and _______ increase in total.

e. _______ are the result of previous management decisions and are not usually controlable in the short run.

f. _______ remain constant in total over a wide range of volume.

g. _______ remain constant in total over small ranges of activity.

h. Graphs of _______ always begin at the origin.

i. One of the disadvantages of the _______ is that it uses only two historical data points to determine the cost line and cost equation.

j. The “goodness-of-fit” statistic is also known as the ____________.

k. _______ remain constant on a per unit basis.

l. All historical data points provided are used when performing a _______ to determine the cost equation.

m. As volume decreases, _______ and _______ increase on a per unit basis.

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