Select "Indirect Materials" from the drop-down menu. Cycle through the three cost drivers to determine which cost drivers correlate with the indirect materials cost. Based on your analysis, which cost driver should management NOT select to allocate electrical cost?multiple choice 3Labor hours IncorrectMachine hoursNumber of unitsNone of the cost drivers are appropriate.Due to the nature of Going Live's products, the differences between indirect material cost between products is immaterial. As a result, management prefers to evenly allocate indirect materials cost across its products each month. If this is the case, how much indirect materials cost would be allocated to each product in the month of April?multiple choice 4$2.67$33.37$9.56 Incorrect$18,852

Cost Correlations The following visualization relates to Going Live. a leading manufacturer of equipment used for live streaming on the Internet. The management team at Going Live Is trying to match Indirect costs with the appropriate cost drivers for Indirect cost allocation purposes. The IT team at Going Live prepared the following visualization showing the correlation between Indirect costs and their respective cost drivers. Both the bar chart on the left and line chart on the right can be used to analyze the correlations from two different perspectives. You can use the drop-down menus In the upper right corner to select from three types of Indirect cost (electrical cost. Indirect materials, and supervisor's salary). After selecting an Indirect cost from the drop-down, you can then select from any of the three cost drivers (labor hours, machine hours, and number of units) to see how well the Indirect cost correlates with any particular cost driver. Use the Information within the visualization to answer to the following questions. Indirect Cast Cast Drivers Cost Correlations Indirect Material: Machine Hours Machine Hours Cost Driver and Indirect Materials Indirect Costs Correlation Analysis for Machine Hours and Indirect Materials Cost Jan 21 700 Feb 21 650 Mar 21 500 Apr 21 550 May 21 500 Jun 21 450 Cost DriverVale 400 Jul 21 350 Aug 21 300 Sep 21 260 Oct 21 200 Nov 21 150 Dec 21 100 0 100 200 300 400 500 600 700 OK 5K 10K 15K 20K 11K 12K 13K 14K 15K 15K 17K 18K 19K 20K Cost Driver Value Indirect Cost Value Indirect Cost Value # View on Tableau Public " c bo . | 7. Share Required