Asked by

Shane Olenick
on Nov 19, 2024

verifed

Verified

The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months:   Assume that the relevant range includes all of the activity levels mentioned in this problem.What is Casablanca's independent variable? A)  the year B)  the machine hours C)  the total overhead cost D)  the relevant range Assume that the relevant range includes all of the activity levels mentioned in this problem.What is Casablanca's independent variable?

A) the year
B) the machine hours
C) the total overhead cost
D) the relevant range

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable, without being affected by other variables.

Machine-Hours

A measure of production time that indicates the total hours machines were operated to complete a task or manufacture goods.

Relevant Range

The span of activity levels within which the assumptions about fixed and variable cost behaviors hold true, crucial for accurate budgeting and planning.

  • Construct and interpret contribution format income statements.
verifed

Verified Answer

SG
Speedster GamingNov 19, 2024
Final Answer:
Get Full Answer