Variable costs change in direct proportion to a change in the activity level.

Select one:

True

False

Question 7

The relevant range is that range of activity where a company achieves its maximum efficiency.

Select one:

True

False

Question 8

The least-squares regression method of cost estimation relies on only two data points.

Select one:

True

False

Question 9

In regression analysis, the variable that is being predicted is known as the independent variable.

Select one:

True

False

Question 10

Mismatched time periods is not an issue in the collection of data for cost estimation.

Select one:

True

False