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In linear cost function which is y = a + bx...

This question belongs to Commerce Costing
Costing
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In linear cost function, which is y = a + bx, y is classified as

Answer & Solution
Correct Answer: Option C
In linear cost function, which is y = a + bx, y is classified as predicted cost. It is the estimation of future cost levels based on historical cost behaviour characteristics, using such statistical techniques as linear regression.
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