A cost accountant is developing a regression model to predic

A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a linear function of batch size (the number of boards produced in one lot or batch), production plant (Kingsland, and Yorktown), and productin shift (day, and evening). The response variable in this model is ____

a) bath size

b) production shift

d) total cost

e) variable cost

Solution

the response variable in this model is total cost as the cost accountant is predicting the total cost