One method for determining cost functions that relies on past costs is regression analysis.
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Q23: A cost driver is also known as
Q24: Cost functions are most useful for estimating
Q25: If the organisation has only operated for
Q26: When graphing a cost function the intercept
Q27: Cost functions are a mathematical representation of
Q29: Scatter plots provide a visual technique for
Q30: The method of cost estimation that analyses
Q31: When estimating future costs it is necessary
Q32: Cost objects only ever have one cost
Q33: An input or activity that causes changes
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