How did you choose the best cost driver

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Identifying which variable is believed to be the best selection for a cost driver and how such cost driver is believed.

Answer the question based on the following regressions for machine hours or direct labor dollars:

Analysis of Variance

Analysis of Variance

                         DF  sum of squares mean square

 

Regression   1         2.26588              2.26588

 

Residual    145    56.60536                .19726

 

 

 

F =15.45626           Signit F = .0000

F = 26.69262   Signif F=.0000

 

 

Variable in the equation

 

variable      Coefficients Std error   t stat    p - value

Machine hrs   6.032        0413       3.166    .0493

Which variable do you believe is the best selection for a cost driver? How did you choose the best cost driver?

Reference no: EM1310603

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