Question

A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a function of batch size (the number of boards produced in one lot or batch). The independent variable is:

Answer 1

"Variable cost" is the appropriate answer.

Step by-step explanation:

Let an equation,

⇒
`y=a+bx`

here,

• y = Total cost
• a = Fixed cost
• x = Variable cost

or,

We can say that, "y" is a dependent variable as well as "x" is an independent variable.

Thus the independent variable is Variable cost.